President Donald Trump's "big beautiful bill" added the "no tax on overtime" deduction for 2025 returns. Here's how to claim the tax break.

Taxable income is determined by starting with gross salary, as per the salary slip, and applying regime-specific exemptions ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...

For seniors, the new tax deduction is an additional $6,000 if you're single and $12,000 if you're married and filing jointly.

Learn who qualifies for home office tax deductions, how to calculate them, and other business write-offs like car mileage and supplies.

To help offset the self-employment taxes, there are quite a few self-employment tax deductions you can take to lower your ...

GoodRx reports seven overlooked medical expenses that are tax-deductible, including acupuncture and medical transportation, ...

Budget 2026 brings clarity on home loan tax deductions. Prior-period interest on home loans is now explicitly included within the Rs 2 lakh deduction limit for self-occupied properties. This amendment ...

New tax rules under the One Big Beautiful Bill Act could mean bigger refunds in 2026, but filing differently may be required to claim every available deduction.

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...