But the larger deduction will cost $140 billion over the next 10 years.

Mumbai ITAT has ruled that housing societies can claim Section 80P deduction on interest earned from co-operative banks, even ...

With Tax Day on April 15 getting close, many people are hunting for deductions—especially in healthcare costs. Medicare ...

An employee uncovers a significant deduction from their pay, leading to questions about labor rights and employer practices.

Indian Railways has revised its ticket cancellation refund policy, with no refunds for cancellations made less than eight ...

Discover the key changes in the New Income Tax Rules 2026, simplifying compliance and enhancing deductions for taxpayers.

New deductions on tips, overtime, car loan interest, and more are part of sweeping federal tax changes. Here's what could ...

Taxes are one of the biggest expenses for middle-class workers, but the IRS actually offers a few rules and breaks that can ...

Franklin Mutual Shares Fund underperformed its benchmark in Q4 2025 despite strength in AI-related stocks and a broadening ...

New system tightens last-minute cancellation penalties while offering passengers greater flexibility for changing boarding ...

The dispute involved deduction claims without proper authorization. The ruling confirmed that Form 61 is essential for validating such claims. Taxpayers must adhere to filing ...

Paying taxes on Social Security has long been a pain point among retirees — and for good reason. The thresholds at which ...