Drivers are looking at a long list of rules if they're hoping to claim a new tax deduction for car loan interest on 2025 ...

If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...

Learn how to deduct casualty and theft losses on your taxes effectively. Understand eligibility, criteria, and the filing ...

Salaried individuals can now make their income tax-free in the new tax regime. This is possible by utilising employer ...

The IRS has increased the standard deduction for the 2026 tax year. Find out the new amounts and how this change could lead ...

Explore the Benefits Received Rule, a tax theory advocating for tax payment based on government benefits received, and ...

The government is adding a new deduction for non-itemizers. Starting in 2026, they will be able to deduct up to US$1,000 of ...

Fortunately, there are legal and strategic ways to lower your taxable income and keep more of your retirement money.

You might be able to lower your present-day tax bill while boosting your retirement savings. But getting the mechanics right ...

If a client will be claiming a significant amount of tax deductions or credits in 2026 — including RRSP contributions or child care and medical expenses — they can apply to the Canada Revenue Agency ...

As written, the new tax law could motivate some people to give who might not otherwise donate, but it could also cause a lot of confusion.

TaxAct. TaxAct falls right in the middle of the personal tax prep services we test, both in terms of price and features. It ...