Working parents often face extra expenses, such as summer day camp for their children. Many people don't know they might ...

Michigan's James Benson joined the president, who announced tax deductions on car loan interest for American-made vehicles as part of the "big, beautiful bill" event Thursday.

In 2024 (taxes filed in 2025), the state and local income tax deduction allows you to deduct up to $10,000 ($5,000 if married filing separately) for a combination of property taxes and either ...

Form 16 is like a report card from your employer about your salary. It doesn’t account for any financial activity outside that employer-employee relationship. Failing to report additional income or ...

If you claim a standard deduction, there are still several above-the-line tax deductions you can take advantage of.

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

Foreign investors using single-member LLCs to hold U.S. real estate face complex U.S. tax issues — FIRPTA and potential ...

If you have an LLC and elect to treat the company as an S corporation by filing a Form 2553 with the IRS, the LLC can deduct the cost of health, disability and other benefits paid to workers ...

ITR Filing 2025: The Income Tax Return (ITR) filing season is underway following the reinstatement of form utilities. Salaried taxpayers are advised to await their Form 16 or Form 16A, the Tax ...

This big, brutal bill cuts both Medicare and Medicaid while handing massive tax breaks to the ultra-wealthy and big corporations,” Fiesta said. “This is not just a broken promise — it’s a ...

For filing income tax returns using ITR-1 and ITR-4 forms, the Income Tax Department has activated its website incometax.gov.in. Through the e-filing portal for FY 2024-25 ( AY 2025-26), eligible ...

As a taxpayer, you are supposed to know which tax form applies to you based on the source of your income. Here, we give a lowdown on the common income tax forms from ITR-1 (sahaj) to ITR-4 (sugam).