If the tax status of muni bonds changes, the impact on regular investors and state and local governments could be significant ...

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

Is car loan interest tax deductible for you? Discover the rules, who qualifies and how to maximize this potential tax break.

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 ...

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

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

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 ...

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

Tax season is here and while you’re filling out your return for the Canadian Revenue Agency (CRA), keep in mind that medical expenses — from fertility treatments to ambulance rides — are ...

so you can claim the appropriate business percentage of that expense when you come to complete your tax return You can’t claim a deduction for home-to-work travel. This is regarded as private ...

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 ...

President Donald Trump said Tuesday that he wanted to make interest payments on car loans tax deductible – but only for vehicles made in America. Trump had floated the idea at a November rally ...