The new tax regime has gained traction largely due to its simplicity. Within this framework, the standard deduction plays an ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.

If any tax policy changes are announced in Budget 2026, legislative logic dictates they will have to be made directly in the ...

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...

On Dec. 31, the Treasury Department released proposed regulations interpreting the new interest deduction for automobile ...

Deloitte India Executive Director Tarun Garg feels that senior citizens could get healthcare related deductions, while there ...

Federal tax rules on relocation flipped in the last decade, and many people are still planning moves as if the old write offs ...

Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?

The court held that exporters cannot be denied Section 80HHC benefits merely for lack of a consolidated BRC. Consignment-wise ...

House Bill 4216 is awaiting Senate action that could come within weeks. It’s a Republican-pushed measure that was revised ...

It’s Budget time once again, and as taxpayers it is natural to expect some positive tweaks to the direct tax regime. That, ...

Deloitte India's Tarun Garg anticipates healthcare-related deductions for seniors and potential relief in standard or ...