Rental property tax deductions allow you to claim the cost of repairs, maintenance, taxes, insurance, depreciation and any ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

In a decision bringing clarity to Section 54F deductions under the Income Tax Act, the Delhi High Court has clarified that ...

It does not specify if that applies only to car loans taken out ... Huizenga, R-Holland Township, introduced that legislation ...

The Big Beautiful Bill passed the House in the early morning of May 22, 2025. Trump has staked a great deal of his ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

ITAT Jaipur held that expenditure towards supply of food packets for employees which was subjected to GST shall not be considered as contract and hence provisions of section 194C shall not apply.

ITAT Jaipur held that disallowance u/s. 40 (a) (i) of the Income Tax Act untenable since amount of commission paid to a non ...

Despite lawmakers increasing the deduction for qualified business income deduction to 23% in the new bill and making it permanent starting in 2026, financial advisors and RIAs organized as ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such ... including, but not limited to, the duration of ownership ...

House Republican leadership Wednesday night unveiled last-minute tweaks to President Trump’s tax cut and spending priorities ...

The package, including cuts to Medicaid and a tax increase on some university endowments, would not nearly make up for the ...