Bonus depreciation was raised to 100 percent in 2017’s Tax Cuts and Jobs Act and was scheduled to fall by 20 percent a year ...

As of December 31, 2024, affected taxpayers have the option to file revised or belated Income Tax Returns (ITR) to claim the rebate. Qualified individuals can submit revised or belated ITRs ...

The Income Tax Department has introduced significant relief for taxpayers eligible for the Section 87A rebate for FY 2023-24 who were previously unable to claim it. Announced late on December 31 ...

To claim the exemption in 2024-25 for which you will file the income tax return (ITR) before July 31, investment must be made in the financial year which will end on March 31, 2025. 2. Tax saving ...

Your filing status helps determine which deductions and credits you can claim. Annual gross income: In this field, enter your total household income before taxes. Include wages, tips, commission ...

Everyone can agree that they just need a tracker that is simple so business receipts are scanned (ideally on-the-go) and expenses are approved without much muss or fuss. At CNBC Select ...

The Income Tax Department has announced good news for taxpayers who are eligible to claim section 87A tax rebate for FY 2023-24 but were unable to claim it. The tax department has announced this ...

Still, the IRS estimates that one in five taxpayers who are eligible for the EITC fail to claim it. Here’s what you need to know about this valuable tax break. What is the Earned Income Tax Credit?

The debate roiling the MAGA world in recent days over visas for highly skilled workers shows no signs of abating. Some prominent online personalities are now accusing Elon Musk of using his social ...

2024, which draws to a close next week, was the year of big bang changes in direct taxation — for instance, rejigged income tax (I ... only those who claim significantly higher tax benefits ...

India may reduce income tax for individuals earning up to Rs 15 lakh annually in the upcoming budget to support the middle class and drive consumption. This potential change, under the 2020 tax ...

Insurance claims: Insurance companies in India denied 11% of health insurance claims and had 6% of claims pending as of March 2024, a report by the Insurance Regulatory Authority of India (IRDAI ...