A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

IRS enforcement priorities shift toward questionable write-offs, putting small business owners and self-employed taxpayers on ...

With inflation steady at 2.9%, tax brackets are predicted to increase slightly. Combined with the new tax law, your tax ...

Think the new tax regime killed all deductions? Think again. From ₹50,000 standard deduction to NPS and health insurance benefits, 10 ways to still save tax in AY 2025–26.

When filing an Income Tax Return (ITR), taxpayers are generally perplexed among exemptions, deductions, and rebates. Though all three reduce your tax outgo, they operate distinctively under the Income ...

Ashapura Minechem has announced details regarding tax deduction on dividend payments to its shareholders. As per the ...

President Donald Trump’s “One Big Beautiful Bill” quadruples the state and local tax (SALT) deduction cap to $40,000. Sounds ...

The IRS says goodbye to the summer by adding a new form, Schedule 1-A, to make it simpler for Americans to access deductions in their 2025 tax filings. For the first time ever, emp ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on changes to the ...

Two of the most common tax forms for individuals will see changes in 2026 to accommodate new provisions like no tax on tips ...

Understanding tax terms is crucial as the deadline approaches. Tax rebates provide relief for incomes up to ₹7.75 lakh, deductions lower taxable income through investments, and exemptions exclude ...

Service workers and overtime earners could save thousands annually through 2028 under the new deductions. 'Won't happen again ...