As the tax deadline looms many folks are beginning to take a closer look at their situation regarding their taxes and ...

Tax credits fall into several categories ... Most taxpayers struggle with this choice every tax season: take the standard deduction vs. itemized deductions. We explain the differences and help ...

While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible. One money-saving move involves revisiting your tax situation. If ...

With the start of a new year, tax season is upon us! Vice President of Member Services at Austin Telco Federal Credit Union, ...

If you had or adopted your first child in 2024, your taxes are about to get more complicated. Here's a guide to help you ...

Projects that increase your home's value are typically eligible for a tax exclusion — but most repairs are not.

Each year, people wonder if they should do their own taxes or enlist a professional. We'll help you decide what to do for tax ...

ITO Vs Shivsahyadri Sahakari Pathpedhi (ITAT Mumbai), the issue revolves around the claim for deductions under Section 80P of the Income Tax Act, 1961, for investments made by a credit co-operative ...

Maryland’s Gov. Wes Moore put forward a tax reform plan that would make the tax system fairer, simpler, and better able to ...

Donald Trump has returned to the White House for a second term. During his first, Trump overhauled the tax code with his 2017 ...

In the matter abovementioned ITAT allowed appeal of the assessee by holding that assessee is eligible for claim of deduction u/s.80P(2)(a)(i) that all its income is from members. Assessee is a ...

On the flip side, however, you may qualify for several new tax credits and deductions ... you could claim a $21,900 standard deduction for tax year 2024, versus a $14,600 standard deduction ...