Salaried workers continued to feel the pinch of a slowing economy as real wages fell for a fifth straight year.

If you buy a car that was made in this country, President Donald Trump wants you to be able to deduct the interest. The White ...

Congressman Mike Lawler, with Mark Halperin on 2Way By Dan Murphy Westchester Congressman Mike Lawler recently sat down for ...

Hamilton WILL appeal against their 15 point deduction from the SPFL. The sanction was issued after the Scottish Championship club breached league rules, which could end with them being relegated ...

Iran has initiated a case at the International Court of Justice against Canada, Sweden, Ukraine, and Britain concerning the 2020 downing of a Ukrainian passenger plane, which resulted in 176 ...

Is there any difference in standard deduction under both the regimes? Yes, the standard deduction under the old tax regime is ₹50,000, whereas, in the new tax regime, it is ₹75,000.

Under the old tax regime, taxpayers can claim various deductions and exemptions, while the new tax regime does not offer much deductions. Listen to Story For taxpayers not requiring an audit, the ITR ...

Some accountants are voicing support for Labor’s $1,000 instant tax deduction pledge, saying the election promise could free up precious time for overwhelmed agents. Following previous reports, ...

From Labor, future cuts to the lowest marginal tax rate and new standard deductions for work expenses. From the Coalition, a one-off return to a tax offset for low and middle income earners that ...

For example, it affects your tax bracket, the size of your standard deduction, and your eligibility for certain tax credits. Here are the five filing statuses the Internal Revenue Service (IRS ...

"If you currently claim less than $1,000 in work-related expenses (for example, if you claim $100), you will be able to claim the full standard deduction of $1,000 – which is effectively a tax cut.