Around 10% of people itemize their deductions now, and they are typically wealthier. The other 90% take the standard deduction, which expanded in the 2017 Trump tax cuts and will get bigger under the ...

That means two things. First, you could legitimately move half the money into another account for your son, preferably with ...

People are concerned over changes to gambling deductions and new taxes passed by Congress in the Big Beautiful Bill.

Online searches enhanced by artificial intelligence make it easier than ever to learn more about confusing money terms and ...

Selling your home and buying another can save huge taxes under Section 54 of the Income Tax Act. But what if you buy the new ...

The recent passage of the One Big Beautiful Bill has received a lot of discussion in the press these past few weeks as the ...

With the budget overdue and facing significant deficits, one GOP leader says he’s willing to consider changes.

Many salaried taxpayers wonder if they can claim both HRA and home loan deductions. But tax experts say it’s legal, and can ...

The new federal school voucher program offers a 100% tax credit for donations to scholarship groups, sparking debate over ...

When to File: If you have filed the wrong ITR, then you can file a revised returns. However, you should do before the ITR ...

The tax rules, dubbed the “Beckham law” after Sir David Beckham utilised them during his time at Real Madrid, charge foreign ...

Filing the wrong income tax return (ITR) form is a common mistake—but the good news is, you can fix it. Here’s how many times ...