Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

The American Institute of CPAs is asking the Congressional tax-writing committees to broaden a deduction used by partnerships ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

This budget is highly anticipated, with particular focus on potential changes to income tax structures and standard deductions that could impact salaried individuals and the middle class.

you can take tax deductions for things like child care, medical expenses, or mortgage interest. As a business owner, you can access small business tax deductions that help offset some of the taxes ...