GOP moderates see Trump as strong ally on their tax deduction push
That's one of the big takeaways from POLITICO Playbook’s First 100 Days: Tax Reform event, where a trio of lawmakers who ...
Budget 2025 Expectations: What’s In Store For Taxpayers Under The New Tax Regime?
While the current regime offers concessional tax rates and restricts the ability to claim the majority of exemptions and ...
Union Budget 2025: Home loan, expand deductions, modify tax brackets - tweaks expected in New Tax Regime
In the last Budget 2024-25, the finance minister introduced several measures to make the new tax regime more appealing ...
Here’s What Looming Tax Hikes Could Mean for Small-Business Owners
The Trump tax cuts, including the 20 percent Small Business Deduction, are set to expire this year. Here's what to know.
Trump now backs repeal of cap on ‘SALT’ deductions, says New York Republican. Taxpayers in these states could benefit.
A New York Republican says that President Trump supports reverting to an unlimited deduction for state and local taxes, ...
Trump to meet with Republicans key to tax negotiations and other GOP priorities
President Donald Trump will meet with a trio of moderate House Republicans at the White House on Wednesday as he courts ...
Advisor13h
Tax reminder: Clients with short-term rental income must comply with rules or lose deductions
In a release on Wednesday, the Canada Revenue Agency (CRA) reminded taxpayers about the new income tax rules for short-term ...
Healey’s budget: Candy tax, hospital closures, and a big investment in the T
The state’s surtax on incomes over $1 million, approved by voters in 2022, is doing what it was intended to do: creating more ...
Bdcnetwork.com15h
DOE launches tools to estimate tax deductions for energy-efficient technologies
The U.S. Department of Energy (DOE) has launched the free 179D Portal for estimating tax deductions for energy-efficient ...
Tax Guru4h
Deduction u/s 54F allowed, if house purchased in wife’s name: ITAT
7. Per contra, the Ld.DR supporting the action of the Ld.CIT (A) submitted that deduction u/s.54F of the Act is allowable only when assessee contracted/purchased a residential property in his own name ...
Hidden ‘bonus’ write-offs hide the true cost of tax breaks
Temporary versions of bonus depreciation schedules, such as the one in Tax Cuts and Jobs Act, appear to be low-cost, since ...
Budget should announce tax cuts for individuals to boost consumption: Barclays
Barclays suggests the FY26 Budget should announce an effective personal income tax cut to boost consumption and demand while ...