It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

If you're a W-2 remote employee hired for a period of time to complete ongoing work on a company's payroll, you probably ...

Tax calculations ... Section 80G: Allows for deductions on donations made to prescribed funds and charitable institutions. Section 80GG: Provides deductions for rent paid by individuals who ...

Tax credits directly reduce the federal income taxes that you owe, and they can be awarded to families with children, students with educational expenses ... Tax deductions, on the other hand ...

However, the 30% standard deduction on rental income remains applicable. While the new tax regime doesn’t offer ... and daily allowances for day-to-day expenses during official trips.

The home office deduction is a tax break that some self-employed people who work from home can use to lower their taxable ...

New Tax Regime: The proposals in the Union Budget for the new tax regime include full exemption for individuals earning up to Rs 12 lakh per year. The tax slabs have been extended, with a new 25 ...

Additionally, salaried taxpayers will benefit from a Rs 75,000 standard deduction, effectively raising the tax-free threshold to Rs 12.75 lakh. The revised tax structure also introduces a 25% tax ...

health care outlays and other expenses that independent contractors shoulder. There are concerns that taking action would open a Pandora’s box that would then take aim at contract drivers.

Sheila Bair, a senior adviser to the Center for Financial Stability, is a former chair of the Federal Deposit Insurance Corp. and assistant secretary of the U.S. Treasury for financial institutions.