A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

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Proponents claim "small businesses" rely on the pass-through deduction, but the benefits greatly favor the very rich.

Salary up to Rs 12.75 lakh is tax-free in the new tax regime. But if one takes benefits of allowances and NPS contribution, ...

There are general rules for whether you have to file a federal tax return this year, according to the IRS. Even if you don't ...

If you're in college, money is likely tight. You can generally file your taxes for free if you have a straightforward return. Taxpayers with adjusted gross incomes of $84,000 or less can prepare and ...

Mumbai: In a major relief to pharmaceutical giant Lupin Limited, the Bombay High Court has quashed an income tax reassessment notice for the assessment year 2016-2017. A bench of Justices MS Sonak and ...

(k) benefits include tax savings, employer matches, and compounding growth. See why starting now is key to a secure ...

You are 35 and if you decide to retire at 45 with a 2L SIP and 1 cr corpus as of today, you will have about 8.54 cr @13% xirr ...

Before applying for a medical credit card, call your medical provider to discuss financial aid — including “charity care.” ...

A factor in the policy argument is that the bulk of repeal benefits would flow to higher-income taxpayers and reduce revenue to the federal treasury.

Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.