Exempt-interest dividends, typically distributed by municipal bond funds, are generally not subject to federal income tax, ...

Declare this additional income to the employer and request for additional TDS deduction before March 31.

Maximize your tax refund with strategies like adjusting your withholding, contributing to retirement accounts, taking ...

The alternative minimum tax (AMT) calculation determines whether a taxpayer must pay an additional amount beyond their regular income tax liability. To calculate AMT, taxable income is adjusted by ...

Finance Minister Nirmala Sitharaman provided this relief against income tax searches and requisition cases; Know more ...

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

For business expense: When you use the loan money on business expenses, you can then also claim income tax exemption for the interest paid ... your home loan limit and are falling short of ...

First, 1% monthly interest under Section 234C applies when the tax paid in a quarter is less than the mandated minimum limit. For instance, in the first quarter at least 15% of the total tax must ...

It's best not to pick 80C instruments in a hurry to claim tax breaks — ascertain whether they can add value to your long-term ...

When my wife pointed out that our combined income would affect our Roth IRA contributions, I realized I needed to learn more ...

The Head of Household filing status has been a part of the IRS Code since 1951. It was created to provide tax-relief to single-parent households.