These two tax terms are probably the ones my clients confuse most often. Think of a tax credit as a gift card applied to your ...

As 2025 tax deadlines approach, Lowcountry residents are getting their paperwork in order to file their personal and business ...

Everyone wants a tax break. Over the years, some Americans have tested limits for what they can take as a tax deduction. Here ...

“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...

Tax season is almost over, but there's still time for homeowners to take advantage of these tax credits and deductions.

If newly retired American's aren't careful, tax time could be a nightmare that ends in a big tax bill. What to know to avoid ...

Non-Compete Agreements are contracts, typically formed in employment or business purchase contexts, where one party agrees to refrain from engaging in a particular line of work or pursuing ...

it also provides significant tax advantages under the Income Tax Act, 1961. 1) Employee’s contribution (Deduction under Section 80C) Employees contribute 12% of their basic salary and dearness ...

India’s Finance Minister, Nirmala Sitharaman, has introduced several reforms and updates to the existing tax system through the Union Budget 2024. Among the key changes are the new Tax Deducted at ...

DEDUCTIONS IN INCOME FROM OTHER SOURCES: A guide to section 57 of Income Tax Act, 1961. Deductions under the head “Income from Other Sources” often remain an unchartered territory from many taxpayers.

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways.

What is Section 80D tax deduction? If you purchased a health insurance policy or paid the renewal premium in FY 2024-25 (AY 2025-26) then you can claim tax deduction under Section 80D. You need to ...