Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...

Buyers of energy tax credits are committing to future purchases, despite fear the Republican-controlled Congress could roll ...

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may ...

Budget 2025 aims to unlock India's potential for development by 2047, with reforms for ease of doing business and tax ...

The Treasury Department and IRS have released multiple guidance documents over the past year, yet none of these constitute ...

(NEXSTAR) – There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail to take advantage of the tax break each year. The Earned ...

In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

Do you support a spouse or common-law partner, or a dependant with a physical or mental impairment? The Canada caregiver credit is a non-refundable tax credit that may be available to you. Who can you ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.