The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

Itemizing your taxes is great when you are a homeowner. As you file taxes for the 2024 tax year, there are some deductions you may be able to take and others that you cannot.

In the recent ruling ITAT held that deduction u/s 54B would not be applicable in case land was not used for agricultural purposes in two years preceding date of transfer.

There are many valuable self-employment tax deductions for freelancers, contractors and other self-employed people who work for themselves. Here are 15 big ones to remember. Federal: $39 to $89.

1,00,33,280/-. In fact, we must note that in the assessment order, the assessing officer has not stated any reason as to why the claim for deduction of Rs.1,00,33,280/-was accepted. Therefore, the ...

Review your return, input your payment or refund information, and submit your federal return! Direct File will email you once your return has been accepted by the IRS. After you complete your federal ...

Here’s a comprehensive guide to the key deductions available under the old tax regime: Section 80C is the most popular avenue for tax savings, allowing a maximum deduction of up to Rs 1.5 lakh. Common ...

MARQUETTE, Mich. (WLUC) - The Marquette Senior Center has now opened up its tax assistance program. For the next month or until all spots are filled, seniors can call the center to sign up for an ...

Administrators have confirmed they have accepted a bid for Folkestone Sports Centre, which the town’s MP has described as “absolutely brilliant news”. A buyer has been secured for the ...

Changes to the income tax rules now deny income tax deductions related to non-compliant short-term rentals after 2023. If you rented out a residential property for short periods, these changes may ...

TIL Creatives Budget 2025: Higher 87A tax rebate, deduction on home loan, income tax slab and more; What to expect We have asked various experts their suggestions on how the FM can give a big tax ...