If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...

Tax time is stressful for everyone, but there may be some good news for seniors receiving medical care in their homes, assisted living communities or skilled nursing settings. Not every expense is tax ...

Increasing standard deduction would offset the benefits of exemptions available in the old tax regime, and revising tax slabs ...

Your homeowners insurance premiums aren't tax deductible, but you might be eligible for other property-related deductions.

Learn about the best tax write-offs for small businesses and self-employed individuals to maximize your deductions and reduce ...

While the US tax system allows deductions like depreciation, these are not valid for Indian tax purposes. The income must be ...

He is not sure how to split the expenses when he reports his rental income. Rick's expenses were property taxes, electricity, insurance, and the cost of advertising for tenants in the local newspaper.

So we called for a complete shutdown to draw the attention of the central and state governments to the issues of GST on building rent and property tax hikes and repeal of these. Our protest was ...

If you rent your property for 15 days or more ... All taxpayers are allowed to take the standardized deduction when filing their taxes. This is a pre-determined amount set by the IRS.

Rule changes for short-term rentals in Calgary are drawing criticism from the companies that run them. City council debated the changes on Tuesday during its last meeting of the year. Sign up for ...

The amount deducted in a year is subject to limits that depend on the type of donation and how individuals file their taxes. The charitable contributions deduction allows taxpayers to deduct ...

As a result of a recent voter-approved excise tax increase on vacation rental and hotel stays ... Crested Butte will pay some of the highest lodging taxes in the state, well ahead of many other ...