If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take ...

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

To claim your property tax deduction, you'll need to track your ... alternative energy charging station in your home, you get a maximum credit of 30% of the cost or $1,000 (whichever is smaller).

Being older has its benefits. Here are two items exclusively for older adults that can help them save on taxes.

In respect to a property or its part held as stock-in-trade and not let wholly or partly at any time during the tax year, the ...

Universal Credit is a payment to help with your living costs and can be claimed by people who are on a low income or out of ...

The new Income Tax Bill 2025 revises the method of determining a property's annual value, stating that it will be calculated ...

The Inflation Reduction Act of 2022 reconfigured two nonrefundable tax credits for home improvements that save energy. Unlike ...

The maximum amount you can contribute and claim as a tax deduction on your 2024 return is 18 per cent of your income from the ...