“Finance Minister Nirmala Sitharaman, in Budget 2025, retained the standard deduction benefit for salaried individuals and ...

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

Student loan forgiveness has been in the forefront, but the potential elimination of the student loan interest deduction ...

What is the standard deduction? It is a fixed amount of money deducted from amount automatically deducted from an ...

The Budget 2025 is expected to feature some tax reforms potentially taking place as inflation is rising. A standard deduction hike is one of those expectations ...

Rep. Erin Paré, a Holly Springs Republican who was recently appointed a chair of the House Appropriations Committee, filed ...

Finance Minister Nirmala Sitharaman announced a major tax relief by raising the tax slab under the new tax regime for the ...

With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations ...

No hike has been announced in the Section 80C deduction limit in Budget 2025. Deduction under Section 80C of the Income Tax ...

There were rumours that the government might hike the amount of standard deduction available to give tax relief to the middle ...

Himachal High Court held that as per section 43-B of the Income Tax Act deduction towards contribution to leave encashment ...

Similarly, the annual limit of Rs 2.40 lakh for TDS on rent is being increased to Rs 6 lakh. This will reduce the number of ...