Dear Liz: What is the best way for us to contribute to our grandchild’s college expenses? I believe federal financial aid ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

The issue was whether interest earned from a co-operative bank qualifies for deduction under Section 80P(2)(d). The Tribunal held that such interest is deductible, as a co-operative bank is itself a ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to ...

IT services giant Wipro has tweaked its work from office policy, putting in more stringent checks for employees. The new ...

This explainer breaks down how Section 80G deductions work and who can claim them. It highlights deduction categories, qualifying limits, and mandatory verification with donee ...

Big updates to tax laws are coming this year, affecting everything from deductions to funding for retirement accounts. With ...

The first issue is that tipped workers’ paychecks are less straightforward than those of traditional workers. To break this ...

The Tribune requested the past four years of tax returns from the Democratic candidates for Cook County Board president and ...

Tax laws previously allowed gamblers to deduct up to 100% of their gambling winnings as losses with itemized deductions. That ...

For claiming a deduction on home loan interest under Section 24(b), you must be paying interest on a loan taken to purchase a ...

About 144 million Americans may qualify for the 2026 universal charity deduction, while high earners face new IRS limits.