Starting April 1, 2025, individuals opting for the new income tax regime won't pay taxes on taxable income up to Rs 1 ...

NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...

Is car loan interest tax deductible for you? Discover the rules, who qualifies and how to maximize this potential tax break.

President Trump’s proposal for car loan interest tax deductions on US-made vehicles sounds ideal, but some experts say the idea is flawed.

President Donald Trump and House Speaker Mike Johnson are working on creating a new tax deduction for interest paid on auto ...

From April 1, 2025, there is zero tax payable on the taxable income up to Rs 12 lakh. This will happen if an individual opts ...

Since we withdrew money from our 401 (k), we expect to owe the IRS money this year. However, by itemizing and deducting the interest paid on our mortgage debt, along with several additional tax breaks ...

The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...

Owning a home comes with costs, but it also provides tax benefits that ... purchase loan are fully deductible in the year of payment if they are considered prepaid interest. If refinancing a ...

Annual gross income Think of this as your salary, or the sum of your wages and tips, plus any income from interest ... to calculate what amount in taxes the government expects you to pay.

Looking ahead to your 2025 taxes and wondering about standard tax deduction amounts for each filing status? Here's what's ...

During Donald Trump’s speech Tuesday before a joint session of Congress, the president reiterated his promise to make interest on car loans tax deductible — but only if the vehicle is made in ...