You Searched For "deductions" and got 20 results
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2 mins read
The tax deductions you can claim if you have a home loan in 2023-24
When deciding which tax regime to opt for, those with a home loan may prefer the old tax regime, as…
2 mins read
ELSS Mutual Fund: A way to claim tax deduction while enjoying market-linked returns
ELSS funds have a lock-in period of three years, meaning that investors are not allowed to withdraw…
3 mins read
5 popular deductions you can claim under Section 80C in 2023-24
Among all the different sections that provide deductions under the old tax regime, 80C is the most …
2 mins read
Deductions for megamansions and Ferraris: The IRS details tax dodges by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes
The IRS is ramping up enforcement on the ultra-wealthy, and it's already raked in about $160 millio…
Juliana Kaplan
2 mins read
Budget blow to HNIs claiming huge deductions for expensive houses
For better targeting of tax concessions and exemptions, Finance Minister Nirmala Sitharaman capped …
4 mins read
Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers
It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…
1 min read
Pvt companies required to deduct tax at source while issuing bonus or rights shares
The implication of this clarification will be that a company in which public is not substant…
1 min read
Chaos ensued at a UFC event as a fighter was deducted a point for biting his opponent
A UFC ref deducted a point from Nurullo Aliev in the middle of a fight for biting Rafael Alves. Ali…
Alan Dawson
1 min read
Beyoncé petitions IRS over $2.7 million in tax penalties, claiming government denied her millions in deductions and charitable donations
As Beyoncé prepares for her upcoming Renaissance tour, the megastar is pushing back on the IRS over…
Jordan Hart
1 min read
GST rates raised again, take out your cheque books. Wait, that’s taxed too
GST rates raised again, take out your cheque books. Wait, that’s taxed too
Bhakti Makwana
4 mins read
Budget 2022: Expectations for hike in tax deduction on home loans
The 66 per cent young population - below 35 years of age, are emerging as young millennial borro…
3 mins read
Democrats are feuding over tax breaks for people earning up to $550,000: 'We're really talking about folks who are in the top 2%'
What qualifies as middle class? To Bob Menendez, it's everyone earning below $550,000. Bernie Sande…
Joseph Zeballos-Roig
2 mins read
A shocking chart shows how Democrats want to give a tax cut to the top 1% that's 6 times bigger than any other wealth bracket
An analysis from the Tax Policy Center shows a huge tax cut for the 1% who make between $500,000 an…
Andy Kiersz,Ben Winck
2 mins read
Bernie Sanders is pushing to limit a tax break in Biden's $1.75 trillion spending bill that would mostly benefit the rich
Sanders unveiled a plan Wednesday to ensure the rich don't get a tax cut in the reconciliation bill…
Tom Porter
3 mins read
Democrats are preparing to reverse a Trump-era tax move - and it could cut taxes for America's wealthiest residents
Taxpayers are capped in how much they can deduct for state and local taxes. Bernie Sanders says he …
Juliana Kaplan,Joseph Zeballo…
3 mins read
A pro-Trump group organizing a DC rally for Jan. 6 defendants lost its tax-exempt status - but is still claiming donations are tax-deductible
Look Ahead America, founded by a former Trump campaign staffer, has been soliciting "tax-deductible…
Charles Davis
2 mins read
Local taxes in NYC and San Francisco counties are the 6 highest in the country. Nowhere else even comes close.
Coming in seventh place is Fairfield County, Connecticut, which is a commuter district for NYC.
Ayelet Sheffey
2 mins read
AOC calls SALT deduction a 'gift to billionaires,' opposes effort to hold up infrastructure bill
Some Democrats argue capping the deduction for state and local taxes hurts blue states; Rep. Alexan…
Charles Davis
2 mins read
Senate Republicans won't expand food stamps program in pandemic relief proposal. It does suggest doubling the 'three-martini lunch' tax deduction
The act doesn't expand upon the SNAP program but suggested doubling the "three-martini-lunch deduct…
Lauren Frias
3 mins read
Sen. Marco Rubio's new bill wouldn't let employers deduct travel expenses that pay for abortion or trans care for minors
The No Tax Breaks for Radical Corporate Activism Act comes as companies such as Disney and Amazon h…