To fulfill Trump's campaign promise, House GOP lawmakers want to offer a tax deduction for car loan interest. How would it ...

A loophole allows homeowners to deduct interest for qualified home improvements. Specifically, you can write off the home equity loan interest if you use the funds to buy, build, or substantially ...

Whether you earn tax benefits or encounter tax implications depends on how you utilize the money from top-up loan.

By using certain tax benefits available under Indian law, you could save up to Rs 5 lakh every year on your taxable income.

Is rent a tax deduction? In general, taxpayers cannot deduct rent from their federal income taxes. However, some states offer ...

Enhanced disclosure requirements for taxpayers opting for the old tax regime. - Automation of deduction verification aims to ...

Taxpayers can claim deductions on home loan interest and principal payments under sections 80C, 80EE, 80EEA and 24(b) of the Income Tax Act, 1961.

Purchasing a home with a lower salary is definitely riskier and harder for most people. Your options will be limited by loan ...

With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits ...

Learn which of your home expenses may be tax-deductible, how to claim those deductions, and what you can do year-round to ...

D (health insurance), and home loan interest are just a few of the many exemptions and deductions that were available under ...