U.S. taxpayers have two main options for reducing their taxable income: taking the standard deduction or itemizing deductions. The standard deduction is a fixed amount that everyone qualifies for, ...

Trump put the cap in place when president. It limits to $10,000 how much taxpayers can deduct on federal returns for state ...

The standard deduction simplifies tax filing and offers significant savings for most Americans, but its future remains ...

ITAT Visakhapatnam held that the cooperative society is eligible for deduction U/s. 80P (2) (a) (i) of the Income Tax Act on the interest income received from investment in banks. Thus, appeal allowed ...

For 2025, the standard deduction will rise by $400 to $15,000 for single filers, $800 to $30,000 for married couples filing ...

Unlike most tax-policy disputes, the $10,000 cap on state and local tax deductions breaks along regional lines, not just ...

My husband and wife clients (with buy-to-let income) work for two different employers, both of whom have under-deducted PAYE by £50 for 2023/24?  How ...

ITAT Ahmedabad held that benefit of deduction under section 54EC of the Income Tax Act allowed since nexus between advance received towards sale of property and investment made in NHAI bonds ...

The 2025 standard deduction amounts are as follows: The additional standard deduction for people who have reached age 65 (or who are blind) is $1,600 for each married taxpayer or $2,000 for unmarried ...

While employees in the formal sector, particularly those earning above Sh100,000 have borne and felt the SHIF burden through ...

Puzyk Until recently, Internal Revenue Code Section 174, and by extension, the New Jersey Corporation Business Tax Act, ...

The Killer Within tried to translate the thrill of Kira and L’s cat and mouse chase into a game, but the effort barely ...