From summer camps to smart home devices, here are four categories of expenses to consider adding to your list.

As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...

Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

The American Institute of CPAs is asking the Congressional tax-writing committees to broaden a deduction used by partnerships ...

The three-year rule could play a role in your ability to claim tax money that you're owed by the IRS. Pamela Albin Moore/ .

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

Although it's not yet April, it's not too early to start thinking about filing your tax return. There are some tax deductions ...

IRS Tax Attorney Steven A. Leahy of the Law Office of Steven A. Leahy, PC with Opem Tax Advocates joins the program to remind the dos ...

Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

Finance Minister Nirmala Sitharaman on Thursday tabled the Income Tax Bill, 2025, in Parliament, aiming to simplify and ...