Aussie workers can claim a wide variety of tax deductions but ATO data shows that some are trying to claim up to $500,000 a year. Find out how.

The President of the Aeronautical Information Management Association of Nigeria, Dr Ibrahim Audu, has appealed to the Federal Government to halt the 50 per cent revenue deductions from aviation ...

The tax bill passed by the House of Representatives would extend the federal government’s temporary cap on state and local tax (SALT) deductions as a way of partly offsetting some of the costs of ...

The plan, part of Trump’s “One Big Beautiful Bill,” includes a $4,000 annual tax deduction for seniors aged 65 and older. To qualify, single seniors must have a modified adjusted gross ...

In a decision bringing clarity to Section 54F deductions under the Income Tax Act, the Delhi High Court has clarified that owning multiple floors in the same building is not equivalent to owning ...

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

The state and local tax deduction – often abbreviated as SALT – was a political flashpoint in the passage of the 2017 Tax Cuts and Jobs Act and is shaping up to be so again in 2025.

Will City get a points deduction in the Championship? How big could it be? That’s a possibility. The aligning of the rules between the Premier League and EFL means they can now enact points dedu ...

WASHINGTON – The U.S. Senate on May 20 unexpectedly passed a bill to create a new tax deduction on tips worth up to $25,000. The bill, introduced by Sen. Ted Cruz, R-Texas, was brought up for a ...

Speaker Mike Johnson speaks to members of the press as he arrives at the U.S. Capitol on May 19, 2025 (Photo by Alex Wong/Getty Images) ...