The home office must be your principal place of business or used regularly to meet clients to qualify for the deduction.

For example, current federal tax law limits the mortgage interest deduction to a maximum of $750,000 of secured mortgage debt (or $1 million if you bought the home prior to Dec. 16, 2017).

So if you are thinking that it is against the tax rules, the truth is that both HRA and home loan interest deductions can be claimed under certain conditions. In this article, we will explain in ...

As the One Big Beautiful Bill Act (OBBBA) faces a critical test in the Senate, opponents are pointing to a Congressional ...

Whether you’re a salary earner or a small business owner, there’s a good chance you’re leaving money on the table with these tax deductions.

Our tax code contains plenty of opportunities to cut your taxes. There are also plenty of places in the tax code that could ...

As Australian taxpayers prepare to file their tax returns for the 2024-25 financial year, the Australian Taxation Office (ATO ...

The costs to raise a family, own a home and afford healthcare would be directly impacted by the bill. Its specifics matter to the parents of little kids and to people who are age 65 and older. The ...

While wealthy Americans sipped champagne at charity galas and shuffled millions through offshore accounts, the IRS was ...

President Donald Trump says “NO ONE GOES ON VACATION” until the big, beautiful bill is on his desk by the Fourth of July ...

The White House is making its closing argument for President Trump’s 'One Big Beautiful Bill Act,' and it involves some ...