The IRS has introduced a 'Senior Bonus Deduction' for 2026, allowing taxpayers aged 65 and older to claim an extra $6,000 ($12,000 for eligible couples), on top of the standard deduction. This change, ...

The tribunal held that disallowance of weighted R&D deduction is unsustainable when valid Form 3CM approval is on record. It emphasized that sufficient documentary evidence before the AO supports the ...

The issue was whether interest from co-operative banks is eligible for deduction under Section 80P(2)(d). The Tribunal held that co-operative banks are co-operative societies, making the deduction ...

The cap increased from $10,000 to $40,000 Property and income taxes are the main drivers for deductions The standard ...

A Bradford cricket club has been penalised for not making “sufficient progress towards the development of girls' cricket”.

A temporary $6,000 senior deduction through 2028, combined with higher standard deductions, has created one of the widest Roth IRA conversion windows in history. Financial planners say this period ...

While the new labour law has altered salary structures, affecting in-hand pay and tax implications, choosing between the new ...

New federal tax law eliminates HVAC energy credits. Accounting experts urge contractors to restructure finances now ...

Indian residents must file income-tax returns and report earnings from various sources. We breakdown of some of the important ...

The Morrison Center is offering payroll deduction options for 2026-2027 Broadway in Boise season tickets to current, ...

Two state lawmakers on Thursday explained the push to establish a family and medical leave insurance program.

If the government invites citizens to plan under one set of rules and later punishes them for doing so, it damages trust in ...