In mid-2024, CRA updated its Income Tax Folio S3-F6-C1 on interest deductibility. The folio provides better clarity on the ...

Trump promised he would restore the full value of the state and local tax deduction, or SALT, a popular break in high-tax ...

Here are three sometimes overlooked tax moves you may want to consider. One relatively simple but sometimes overlooked way to ...

Recipients of Universal Credit, Child Benefit, Personal Independence Payments (PIP), Pension Credit and more will all see their regular ...

Do you ever feel like you're leaving money on the table?Well, when it comes to paying your taxes, you might be.Think about it: Every year, millions of people miss out on opportunities to reduce their ...

Although inflation has ebbed, taxpayers will continue to enjoy inflation adjustments to their 2025 taxes — even though it’s ...

With clear Republican victories in the White House and the Senate, and a very slim majority for either side in the House of ...

The House voted 87-12 to flatten individual income tax to 3%, while increasing the standard deduction to $12,500 for individual taxpayers. Pushback came entirely from Democratic lawmakers, some of ...

Open enrollment for Medicare, state tax ballot outcomes, signing a tax return, filing season statistics, Social Security and ...

The standard deduction is a dollar-for-dollar reduction in taxable income, lowering the amount that a taxpayer owes the Internal Revenue Service. All taxpayers with earned income, whether from a day ...

Two business tax cuts have already been phased out. Extending those cuts is at the top of Republicans’ to-do list if they ...