The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

This meaty budget reconciliation bill includes a provision to increase the state and local tax, or SALT, deduction limit. If the changes make it through the Senate, certain taxpayers could see big ...

The fate of President Donald Trump’s tax legislation may rest on whether the GOP can find common ground on tax breaks for high earners in predominantly Democratic states — and the issue also ...

A sweeping income-tax investigation reportedly exposed over 90,000 salaried individuals for falsely claiming deductions, costing India’s tax exchequer more than ₹1,070 crore. The Income Tax ...

However, this rule change did not affect capital works deduction for construction costs – typically 2.5 per cent a year over 40 years. BMT Tax Depreciation CEO Bradley Beer said a lack of ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

Rep. Bill Huizenga introduced the Made in America Motors Act, proposing a tax deduction on interest paid on U.S.-assembled vehicle loans. The proposed deduction allows up to $2,500 per year for ...

The House Ways and Means Committee in a Monday meeting proposed raising the cap on state and local tax deductions to $30,000 but limiting them to those earning under $400,000, according to people ...

House Republicans are planning to triple the state and local tax (SALT) deduction cap to $30,000 in their plan to pass President Trump’s “big, beautiful” agenda bill, despite New York ...

The Golden State uses a progressive tax system with some of the highest rates in the nation — but also offers various deductions and credits to offset what you owe. Whether you’re a full-time ...