The higher standard deduction since 2017 has dramatically reduced itemization. But the new law provides incentive for teachers to consider whether that's feasible.

Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1) ...

Back on July 1, the White House issued a statement claiming that “88% of all seniors who receive Social Security — will pay ...

The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction, which the tax law increased to $15,750 this year for individuals ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

When was the last time tax news actually sounded like good news? Well, for once, Nigeria’s taxpayers — especially low-income ...

Rent could be claimed as a tax deduction by those who work from home after an ABC presenter challenged a ruling.

Trump's One Big Beautiful Bill includes a $10,000 car loan deduction — but strict rules mean most Americans won't qualify or ...

The federal government has unveiled 50 tax exemptions and relief measures to reduce the burden on low-income earners, average taxpayers, and small businesses under the new tax reform laws taking ...

The announcement was made on Monday by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo ...

Reversing lower authorities, ITAT Ahmedabad ruled that the assessee proved genuineness of loans and interest payments, allowing deduction under Section 57 of the Income Tax ...