The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

The state of Indiana offers two different property tax deductions to certain veterans — a $14,000 deduction and a $24,960 ...

The Union Budget 2026 has not changed the standard deduction limits, but it remains one of the most important tax breaks for ...

Budget 2026 has brought clarity for homebuyers of under-construction flats by including pre-construction interest on home loans within the ₹2 lakh deduction cap ...

As a renter, filing taxes is straightforward. As a homeowner, you suddenly have access to deductions renters don’t get.

The government is mulling a change to the capital gains tax concession. New analysis shows without change, it will cost the ...

Donald Trump’s proposal to eliminate overtime tax has ignited chatter.

Additions based on survey-time valuation of machinery were deleted as the Assessing Officer had not rejected the books of account. Prior binding orders in the same case were followed, reaffirming ...

Deductions under Sections 54B and 54F were denied without examining crucial evidence. The tribunal remanded the matter for fresh adjudication after considering all documents and legal ...

The state and local tax deduction is a federal income tax provision that allows taxpayers who itemize deductions to subtract certain state and local taxes — chiefly income, property and sales taxes — ...

Bottom line, it means the largest tax cuts in history. Since these cuts are retroactive to 2025, the average refund is ...