Page 29 - Deductions News Today

This has seen the buying power of the once mighty Sh1,000 drop by almost half to Sh650, cutting items in a complete food basket.

Ever since they hit the market, electric vehicles have appealed to those looking for a more environmentally-friendly car that doesn't rely on gasoline to run. But the higher price tag -- among other...

As tax season approaches, you could save money on your tax bill or get a bigger refund thanks to federal tax credits. While deductions are also useful, credits offer the advantage of cutting your tax...

Each year, the IRS evaluates income tax brackets and adjusts them accordingly based on inflation. According to Fox Business, tax brackets have shifted higher by 5.4% in 2024 for both single and joint...

Donating clothes to charity not only clears out your closet but can also provide a financial benefit at tax time. Yes, you can get a tax deduction for donating clothes, as long as you follow the...

Managing family finances can be a complex task, and when tax season rolls around, it becomes even more challenging. Many families overlook valuable tax deductions that could save them significant...

Income tax relief was provided for salaried individuals, while amendments in direct taxation were introduced in Budget 2023

In just the first week of 2023, a battle was unleashed between the Buffalo City Metro and ratepayers when Quigney businessman Steve Bloom decided to take the city head-on citing years of incorrect billing on his account.Bloom told the Dispatch at the time that he had sent emails and visited the city’s billing offices for years without any help.

To maximise your tax savings, make the most of deductions available under Section 80C for investments, 80D for health insurance premiums, Section 24 for home loan interest, and Section 80CCD for NPS contributions.

If you fear a large tax bill in April, you might be wondering how you can reduce your tax liability with just two weeks left in the year. Taxes on Generational Wealth Just Changed: Here's What You...