The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan ...

Whether you want professional income tax preparation or knowledge to reduce your tax burden, Tax School Canada is here to help ...

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

Every year at the start of tax season, the question is whether the chronically underfunded IRS will be a hot mess or whether ...

Taxpayers may get bogged down in the complexities of claiming deductions for tips, auto loan interest and overtime pay.

In practical terms, FY27 becomes a year of tax stability with no new personal tax cuts, no broadened deductions, and no changes to the standard deduction.

Iowa adopted the federal changes, including deductions on overtime pay, while Illinois opted out of the bill’s provisions. Workers who receive qualified tips can deduct a maximum of $25,000, according ...

The amendment clarifies the two-year nil annual value period for unsold stock-in-trade property. It also confirms that prior-period interest is included within the ₹2 lakh deduction ...

Many people will be thrilled to see larger-than-usual federal income tax refunds — some may end up $500 to $1,000 bigger than ...

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.

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could impact your tax return this season.