David McMillin writes about credit cards, mortgages, banking, taxes and travel ... ongoing work on a company's payroll, you probably can't claim the home office deduction.* So even if your ...

"The tax code permits you certain deductions to lower your income tax obligation," says Jeremy Babener, tax lawyer and founder at Structured Consulting in Portland, Oregon. "The IRS is specific ...

While both offer tax relief, they do so in different ways. Understanding the difference is essential since deductions and credits can be limited by your income. A nonrefundable credit can reduce ...

Deductions lower taxable income; credits reduce what's owed dollar-for-dollar Credits are often more valuable as they reduce your tax bill directly If eligible for both, calculate to see which offers ...

Tax deductions can lower your amount of taxable income, while tax credits can reduce the amount of tax you owe. If you take some time to research them, you could save hundreds, if not thousands ...

Gachagua slammed the government for having no mercy on payslips with new deductions coming into effect. We want to rescue the payslip because the payslip iliguzwa na iko shida mingi sana. (We want) to ...

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 ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

Many Americans may think that because they work from home, they can take tax deductions for a portion of their rent, utilities and more. Not so fast. Not everyone qualifies to do that. Wage ...

A lady unveiled an engineer's payslip showing a tax deduction in South Africa, which sparked a buzz online. Image: @mpendulo_sibiya The woman shared under the TikTok handle @mpendulo_sibiya a salary ...