The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

Starting your working career with a steady salary is an exciting milestone – both for you and the Tax Man. As the South ...

Tax deductions for interest paid on loans play a significant role in personal tax planning, offering relief by reducing ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on deductions, tax ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

The ATO has revealed the tax deductions that Aussies have claimed on their tax returns. (Source: Getty/ATO) The Australian ...

It’s the end of the financial year on Monday, so it’s now-or-never if you want to boost this year’s tax refund.

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate disagrees.

Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...