The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

Changes in income tax law and new regime have done away with the year-end rush for investments to save on tax. But experts ...

Millions of households are on track to legally shrink their federal income tax bill to zero in 2025, thanks to a mix of higher deductions, expanded credits and targeted breaks in President Donald ...

Tax season in 2026 will look very different for older Americans filing 2025 returns, as a new wave of deductions reshapes how income, Social Security and retirement savings are treated. For people 65 ...

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 ...

Madras High Court held that reassessment under section 147 of the Income Tax Act after expiry of four years is sustainable in law since assessee has failed to set out truly and fully all the material ...

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Effective January 1, 2026, the One Big Beautiful Bill Act ...

Thanks to the Section 179 deduction, you might not have to wait around to depreciate your business’s assets. Many, or all, of the products featured on this page are from our advertising partners who ...

The Chief Executive Officers of commercial banks in Nigeria have been directed to appear in person before an investigative panel of the House of Representatives regarding alleged illegal and ...