Key Points ・The student loan interest deduction can reduce your taxable income by up to $2,500 per year. ・You do not need to ...

A new tax cap on gambling loss deductions could raise high rollers' expenses and push gamblers toward prediction markets and ...

Working families can claim up to $6,000 through the Child and Dependent Care Tax Credit to offset child care costs and boost ...

Is HELOC interest tax deductible? It can be if the funds are used for eligible home improvements and meet IRS requirements. Learn more with this guide.

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn't ...

The deadline for submitting ITR for FY 2024-25 is September 15, 2025 and this means eligible taxpayers should claim eligible ...

One of the components of the recently passed ‘big, beautiful bill’ was a policy not to tax overtime and tax income for many Americans.

Wait for the updated form as schema is pending. Pay pending tax on capital gains to avoid interest under Sections 234B/C. For ...

Mumbai: As tax filing season for FY 2024-25 begins, salaried employees must deal with various documents and deadlines. But ...

The Republican tax reform, hailed as a 'grand and beautiful bill' by President Trump, introduces pivotal changes to the tax ...

Taxpayers could face significant hurdles during the 2026 tax filing season after the Internal Revenue Service (IRS) reduced ...