Budget 2026 should make tax deduction for health insurance premium paid under Section 80D in new tax regime also ...

The Tribunal held that interest on income-tax refund is taxable in the year of receipt and qualifies for Section 80-IA ...

Under the new tax regime, home loan interest can be claimed only against rental income after the 30 percent standard ...

The IRS has updated standard deduction amounts for 2026 to reflect inflation and recent law changes, helping taxpayers avoid ...

Assuming that is even the case, a monthly N66,667 taxable income (N800,000 annual) would attract zero tax in the new tax regime, so someone who earns N69,000 monthly taxable income will only be paying ...

KPMG has urged for urgent review of new tax laws, citing inconsistencies that could undermine equity, compliance, and reform ...

Section 80CCD of Income Tax Act, 1961 offers up to Rs 2 lakh deductions for NPS and Atal Pension Yojana contributions, with ...

Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...

In a recent monthly newsletter published by Ed Slott, Heather Schreiber, an expert on Social Security, discussed the impact ...

The IRS has issued proposed regulations for the temporary car loan interest deduction enacted under the new tax law.

H.R. 1, P.L. 119-21, the law commonly known as the One Big Beautiful Bill Act (OBBBA), contains provisions of special ...

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