Filling out your tax return can feel like navigating a minefield. Every year, millions of Americans worry about which numbers ...

One proposed initiative would cut the state income tax rate from 5 percent to 4 percent by 2029. Another would lower the threshold at which at state must issue refunds when tax collections are strong.

The Income Tax Department has released ITR-2 and ITR-3 Excel utilities for FY 2024-25, enabling taxpayers with capital gains and business income to file returns before the September deadline.

As India advances with its simplified income tax structure under the New Tax Regime, concerns are growing over the lack of tax relief for out-of-pocket medical expenses, particularly during life ...

The bill would allow teachers to claim up to a $300 deduction on their state income tax return for eligible expenses.

President Trump wants to eliminate income tax for Americans earning less than $150k. Could his tariffs offset that?

Medical expenses can be tax deductible in certain situations depending on the expense in question and the latest IRS rules.

Learn more ‘Substantial tax savings:‘ 10 accountants reveal the tax credits and deductions Americans too often miss Individual tax returns are due by April 15.

Are medical expenses tax deductible? The IRS allows federal filers to deduct qualifying medical expenses that exceed 7.5% of their adjusted gross income (AGI).

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses.

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything you need to know before filing your taxes.