Savvy Senior: What’s the federal income tax threshold?
Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...
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Homeowners, Don't File Your Taxes Until You Check All These Tax Breaks for Your House
When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...
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Tax Query: Filing returns with STCG and interest income
Prior to the amendments in July 2024, as per section 111A of the Income Tax Act, 1961 (the Act), STCG on listed securities were taxed at 15 per cent. However, after amendment made by Finance (No.2 ...
Trump's 2025 Tax Plans: Experts Weigh in on What Could Happen
In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security ...
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Is Mortgage Interest Tax Deductible?
What Is a Mortgage Interest Tax Deduction? The mortgage interest tax deduction allows taxpayers to deduct from their taxable income ... does have some specifications. How to Claim the Mortgage ...