The IRS offers special tax breaks for seniors that can save you thousands as you get older. Here's what you need to know.

"Interest on home equity loans and lines of credit are deductible only if the borrowed funds are used to buy, build, or ...

The Central Board of Direct Taxes has announced changes regarding tax deductions. Settlements under SEBI Act and other ...

Interest paid on outstanding student loan debt, mortgage and home equity loan debt, business expenses, and interest on money ...

In an old sitcom, the lead character tried to deduct a Thanksgiving turkey when she couldn't afford her taxes. While that ...

In a notification issued on 23 April 2025, the CBDT stated that taxpayers cannot claim deductions for settlement payments arising from legal proceedings under the Securities and Exchange Board of ...

The Central Board of Direct Taxes (CBDT) notified that any expenditure incurred to settle proceedings initiated in relation ...

When you sell your home, you may owe capital gains tax on the profit from the sale. The IRS calculates this by subtracting ...

CBDT prohibits deduction for expenses related to settling proceedings under Sebi, Competition Act, and other specified laws.