ITAT Bangalore rules that Section 80P deductions cannot be claimed if the return is filed after the due date. The decision reinforces compliance with Section 80AC(ii) and aligns with Madras HC ...

Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for ...

President Donald Trump on Thursday signed an executive order directing Attorney General Pam Bondi to fast-track the rescheduling of marijuana as a Schedule III drug, a move that could bring swift and ...

President Donald Trump has directed his administration to pursue reclassifying marijuana as a less dangerous drug ...

Discover when dental insurance premiums are tax-deductible and understand exclusions. Learn about coverage types and how cosmetic procedures impact deductions.

Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

The standard deduction has been super-sized for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim an additional $6,000 without itemizing, thanks to tax ...

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize. By Ann Carrns Thinking about donating to your favorite charity before the ...

Co-hosts United States received a favourable draw as the group-stage bracket was set for World Cup 2026 in Washington D.C. Mauricio Pochettino's side will face Paraguay, Australia and the winner of ...