The assessee contended before the Commissioner of Income Tax (Appeals) [CIT (A)] and subsequently the ITAT that sufficient ...

Navigating the complexities of federal taxes can be daunting, but understanding the essential components can simplify the ...

Home equity loans, HELOCs, and cash-out refinancing are three popular ways to borrow using your home as collateral. A ...

Taxpayers who have previously paid AMT are eligible to claim a credit for it against their regular tax liability in the ...

Tax on rental income refers to income tax, which is payable on the money you receive from tenants. The rates, thresholds and ...

The emotionally and financially taxing process of a separation demands careful planning, multifaceted form-filing to the IRS ...

Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local tax payments.

Penalty-free retirement distributions, casualty loss deductions and delayed tax filing and payments can all provide some ...

They will yet again have to make sense of a head-spinning array of new proposals, amendments and political fights before ...

The push towards a greener future and comparatively lower cost of running and maintenance has led to a surge in the usage of ...

Keeping on top of your accounts month by month makes the annual self-assessment tax return task easier and makes sure you are ...

If you sold investments for a profit in 2024, you could be facing a tax bill unless you sold other investments at a loss to offset that profit. In either case, just how much of your investment ...