Calculate pre-tax debt cost using company's effective tax rate for accuracy in evaluation ... net interest reduced by the value of the tax deduction the company received on its debt payments.

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

To calculate the marginal tax rate on the investment, you'll need to figure out the additional tax on the new income. In this example, $500 will be taxed at 15% and $500 at 25%. This produces tax ...

In reality, however, you should calculate how much a deduction will save you by multiplying the deduction by your effective tax rate. For instance, if you pay $20,000 in mortgage interest during ...

A bipartisan group of lawmakers wants to increase the state and local tax deduction cap but disagree on how high to push it.

Some lawmakers and President Trump want to offer overtime tax relief. But will a tax deduction or an exemption help you most?

Either method requires you to start by measuring your home office and calculating its square footage. Not every room with a desk counts as a home office for tax-deduction purposes. To write off your ...

At the 50 per cent inclusion rate, it’s more likely that a taxpayer reporting significant capital gains would be subject to ...