The minister has indicated that her ambition is to pass a new Holidays Act before the end of the current Government’s term. However, once enacted it is likely that there would be a transitional period ...

The answer depends on how you spend the funds. Here's what you need to know about deducting personal loan interest on your taxes – and what happens to your taxes when you don't pay back the ...

Learn about tax deduction rules for long-term senior care and how you can use them to save on taxes. Financial advisor fees are not tax-deductible now, but there are still tax benefits from ...

This deduction is available under Section 80CCD (2) of the Income Tax Act. The current income tax rules allow an individual to claim a deduction of up to 14% of the salary as a deduction. Salary here ...

Tax software or a tax professional can ensure you get the numbers right because the rules often change yearly. Now, we're trimming the tax deductions down to a thin slice. Homeowners' association ...

Home office deductions only apply to small business owners who are self-employed. If you do freelance work unrelated to your regular job at home, you might qualify. The rules are strict ...

New Australian rules that limit multinationals’ deductions of interest payments on their debt are “likely to have a significant impact on the affairs of some taxpayers” and will be a key focus when ...

The FIA has introduced strict new misconduct rules that could drastically change Formula 1 in 2025. Drivers now face massive fines, race bans, and even championship points deductions for swearing ...

The High Court has declared the Department for Work and Pensions’ (DWP) method of deducting rent payments from Universal Credit recipients unlawful. In the case of Roberts v The Secretary of State for ...

though there are specific rules. You can review the instructions for the new Form 7206 for details [0] How it works: It’s an adjustment to income rather than an itemized deduction, which means ...

Standard Deduction: Income taxpayers can lower their income without providing any documentation or disclosures by using the standard deduction, which is a fixed sum subtracted from taxable salary ...