Fact checked by Suzanne Kvilhaug Sometimes a tax deduction is just plain weird. Here is a roundup of weird and legal tax ...

Americans have a long, romantic history of deploring taxation. The Boston Tea Party was essentially an elaborate tantrum over ...

Most of the time, you'll probably find that any given tax credit is "nonrefundable," meaning that it can only decrease your ...

Sky News senior reporter Caroline Marcus discusses Prime Minister Anthony Albanese’s election plan for “instant” tax deductions. “Albanese today announced another tax break of sorts ...

The latest announcement builds on the housing policy announced overnight. The instant tax deduction would give those who choose it $1000 off their work expenses — meaning people could skip the ...

Prime Minister Anthony Albanese has announced a re-elected Albanese government will provide a $1,000 instant tax deduction. “Today I announce that a re-elected Labor government will create a new ...

The bill will significantly expand the maximum homestead tax deduction and cap how much property tax bills go up in the future. The homestead deduction applies to the home you live in. It limits how ...

If you've kept good records, you should try calculating your deduction using both methods. Then, you can choose the larger amount as your tax write-off. Remember that you can only write off insurance ...

The ceiling available for contributions paid in 2025 is indicated on your tax notice 2024. If you do not use all or part of your deduction limit, you can carry forward to the next 3 years.

The administration automatically applies the lump-sum deduction of 10% on your salaries. Each member of your tax shelter may waive individually the lump-sum deduction of 10% and claim the ...