The IRS provides tax credits for a wide range of expenses you pay during the tax year but the rules can be complicated. Find ...
Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...
IRS tax refund may arrive sooner than you think. Here’s a schedule for when you can expect your check or direct deposit.
A new Income Tax bill -- promised by Union finance minister in her last year's budget -- will be tabled in parliament on ...
If you don't pay what you owe on your taxes when you request an extension, you might get hit with an underpayment penalty. To ...
Budget 2025 increased the tax rebate limit under the new regime to ₹12 lakh from FY26. If trends from previous years continue ...
If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...
Key budget changes include raising TCS threshold for remittances, tax exemptions for withdrawals, modified ULIP tax rules, ...
Finance Minister Nirmala Sitharaman announced during Budget 2025-26 that the New Income Tax Bill would be presented in the ...