So, this April, existing home equity borrowers may be well-served by remembering some important items about home equity borrowing and tax deductions. And prospective borrowers should also ...

Everyone's always trying to pay less tax, hunting for as many tax deductions as possible to cut their tax bill. Over the years, the IRS has allowed some unusual tax deductions, but the ...

She holds a master’s degree from Arizona State University. damircudic / Getty Images The standard tax deduction is a fixed amount that taxpayers can subtract from their income to lower their ...

Tax deductions reduce your taxable income, while tax credits directly lower your tax bill dollar for dollar. Refundable credits can result in a refund if they exceed your tax bill, while ...

covering everything from filing statuses and tax deductions to tax credits and advanced strategies. You may be eligible for more than one filing status; compare them and choose the one that ...

Repealing or curbing the corporate state and local tax deduction (C-SALT, in tax shorthand) would parallel today’s $10,000 cap on SALT deductions for individuals and raise money to pay for tax ...

Most taxpayers depend on the same basic data to file returns. If you have a job, your employer must provide both you and the ...

The Income Tax Department has issued notices to Taxpayers who have been paying a rent of ₹50,000 or more per month and not deducted Tax Deducted at Source (TDS) while remitting the amount to ...

Mileage deductions can add up to significant savings for taxpayers. Self-employed workers and business owners are eligible for the largest tax-deductible mileage rate. Mileage can be deducted for ...

Fortunately, some of these costs are tax deductible. You'll need to itemize your deductions to benefit from these tax breaks, so it's important to calculate whether you can write off enough to ...

Source: TikTok/Getty The Australian Taxation Office (ATO) has revealed the new way it is catching out small businesses doing “cash jobs” and making dodgy tax deductions. Australia’s more than two ...