If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...

Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.

To be eligible, you need to be under the income phase-out thresholds; while the IRS has not yet finalized the exact ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

The Tribunal held that revision under Section 263 cannot be exercised over a search assessment completed under Section 153C with proper approval under Section 153D. Unless such approval is shown to be ...

Passive income is about making your money work for you and typically involves an initial investment of time, effort or ...

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