Taking time to learn about key tax credits and deductions can help you save hundreds of dollars or more each year.

The IRS has updated and added new guidance for claiming the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit.

any employee with unreimbursed work expenses could use Form 2106 to claim those expenses as a miscellaneous itemized deduction. Taxpayers used to have two options for claiming job-related expenses ...

Miscellaneous deductions work based on a 2% rule. This means that qualifying taxpayers add up their qualifying miscellaneous deductions, and can deduct any amount above 2% of their AGI.

Disability insurance is one of the most commonly missed insurance-related deductions. This type of policy can provide supplemental income if you're unable to work due to disability. However ...

Your registered retirement savings plan (RRSP) deduction limit, is the maximum amount you can deduct from contributions made to your RRSPs, PRPP, SPP and to your spouse’s or common-law partner’s RRSP ...

While NRIs hold an Indian passport, they reside and work in another country, which distinguishes them from residents of India. What is Section 195 of the Income Tax Act? Section 195 of the Income Tax ...

Laundry detergent sheets do work. They remove stains and impart a fresh scent (unless they’re unscented). While they do punch above their weight class, they don’t totally outshine liquid ...

As one Reddit user aptly put it, “We are working hard, but all we’re doing is giving it all to the landlord as rent.” The disparity between Gurugram’s polished corporate image and the lived ...

20% additional income deduction if consumption increases by ... It is questionable whether it will work on the high exchange rate coupled with internal and external uncertainties.

For retirees over age 65, it's more important than ever to take full advantage of every available tax break. That's especially true if you're on a fixed income. After all, some retirees have to ...

Women may be at risk of missing out on opportunities at work as they are less likely to go into the office than men, the boss of the world's biggest building society has said. Speaking to BBC R4's ...