Taxpayers who were tricked as a result of a traditional investment scam may be entitled to tax relief—taxpayers who lose ...

The income tax department announced that taxpayers cannot claim deductions for expenses incurred in settling proceedings ...

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce ...

It appears that the flood gates have opened and that the IRS is finally processing and paying claims for the employee retention credit (ERC) en ...

Discover five crucial income tax provisions every Indian taxpayer should know in FY 2025-26, including deductions under ...

When you sell your home, you may owe capital gains tax on the profit from the sale. The IRS calculates this by subtracting ...

You just need to understand how to take advantage of the tax code within legal guidelines to reduce your overall tax bill and ...

Find the CRA's latest tax relief measures and support for businesses in response to tariffs. Reporting the Canada Carbon Rebate for Small Businesses on your T2 corporation income tax return Under the ...

You do not get a tax deduction and the recipient does not declare the gift as taxable income. Q: What threshold must a taxpayer exceed for medical expense deductions in 2024? A: The medical ...

For a salaried-class individual, the income up to Rs 12.75 lakh is tax-free. But even if they have an annual income of Rs 15.60 lakh, they can make it tax-free provided they take the benefit of ...

Consulting and professional service fees When you're a business owner ... can help you optimize your strategy when filing your 1099 independent contractor income tax deductions. While hiring a tax ...