CPAs need to be aware of current tax developments impacting all state and local tax jurisdictions in order to properly advise ...

Pennie, state officials and health advocates continue to urge Congress to act before the enhanced tax credits expire, underscoring the impact these subsidies have on affordability and access to care ...

Voter turnout in the 2024 general election was among the highest on record in Pennsylvania, Secretary of the Commonwealth Al Schmidt said Friday.Video above: Headlines from News 8Turnout is ...

You don't buy a house for the tax deductions. It's just a nice side benefit. And usually very much appreciated, considering all the extra expenses associated with homeownership. Here are eight tax ...

PENNSYLVANIA (WHTM) – Pennie is urging congress to act now to prevent an increase in health coverage costs for Pennsylvanians. Enhanced premium tax credits were enacted by the American Rescue ...

Plus, some 529 plans don't offer tax deductions. For example, Pennsylvania's 529 plan offers one of the more lucrative tax advantages: up to a $36,000 annual tax deduction for both in-state and ...

Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view ...

Legislation reintroduced in the House of Representatives seeks to encourage employer support by reestablishing a tax ...

"Some states might allow you to take some deductions," said Mark Jaeger, vice president of tax operations at preparer TaxAct. Pennsylvania and New York, for example, allow employees to deduct some ...

The Old Tax Regime remains popular due to its various deductions and exemptions, including those in Sections 80C and 80D of the Income Tax Act. For instance, Section 80C allows deductions of up to ...

Individuals can claim two self-occupied properties as NIL taxable income. TDS on rent limit increased from ₹2.4 lakh to ₹6 lakh, reducing compliance for small landlords. Threshold for senior ...

Income Tax Budget 2025 LIVE: The standard deduction is a flat amount that is deducted automatically from a taxpayer's yearly income. This reduces the total taxable income lowering the overall tax ...