While more seniors will get a tax break, the message itself is confusing and could mislead Social Security recipients, some ...

The Income Tax Department is scrutinizing deductions claimed under Section 80GGC for political donations, prompting notices ...

Starting your working career with a steady salary is an exciting milestone – both for you and the Tax Man. As the South ...

Tax-deductible donations won't solve the problem by Michelle O'Shea, Connie Vitale, Robert B Whait, The Conversation edited by Lisa Lock, reviewed by Andrew Zinin Editors' notes ...

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Republicans have taken aim at the expanded tax credits under the Inflation Reduction Act, which were intended to combat climate change, as they seek to pay for President Donald Trump’s $4.5 trillion ...

The ASF is an“Item 1” Deductible Gift Recipient (DGR) and is the only organisation in Australia that allows a donor to claim a tax deduction for philanthropic donations to sport.

In 2020, 64 percent of tax returns that reported adjusted gross income (AGI) of $500,000 or more claimed itemized deductions. That compares with just 11 percent of returns with $50,000 to $100,000 ...

Other qualified donees Other qualified donees have to keep in their records the following: information that confirms they meet the requirements for qualified donee status under the Income Tax Act ...

Author Pat Barker initially mistook the letter informing her of her damehood in the King’s Birthday Honours for an income tax bill. The writer, known for her celebrated Regeneration Trilogy ...

After paying mortgage, property tax, homeowners and car insurance, utilities, health insurance, any co-pays and finally food, there isn’t much left. We seniors need relief now.

Section 80G Deduction - Income Tax Act Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to claim deductions for various contributions made as donations. The ...