The measures are designed to make the tax system fairer, simpler, and more beneficial to ordinary Nigerians.The federal government has unveiled 50 tax exemptions and relief measures to reduce the ...

“From 1 January 2026, the new tax laws will provide many reliefs and exemptions for low-income earners, average taxpayers, and small businesses,” Oyedele said. 2. Annual gross income up to N1,200,000 ...

Reversing lower authorities, ITAT Ahmedabad ruled that the assessee proved genuineness of loans and interest payments, allowing deduction under Section 57 of the Income Tax ...

The IRS refunded $311 billion to taxpayers in 2025—here’s how to cut your tax bill and keep more cash in your pocket next year.

Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...

Tax deductions can lower the amount of income that is subject to tax. Here's more on how tax deductions work, plus 25 tax breaks that might come in handy.

Joy Taylor: Yes. Taxpayers who itemize on Schedule A can deduct qualifying medical expenses to the extent that the total ...

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...

The deadline for public comment on the proposed No Tax on Tips rule is this week. Restaurant industry groups say the rule ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

The Internal Revenue Service (IRS) has announced inflation adjustments to several 2026 tax credits and deduction amounts. These include higher standard deduction amounts, new income tax bracket ...