To help offset the self-employment taxes, there are quite a few deductions you can take to lower your business income. See if you qualify for them.

You invest in various schemes to reduce your taxable income. For example, you can get tax deduction by paying life insurance premiums and home loan EMI. Tax deductions are offered by government to ...

Whether you’re filing for the first time or have been around the tax return block, it’s easy to confuse tax credits and deductions ... to purchase health insurance from the federal marketplace ...

If you’ve shopped for health insurance on the federal marketplace, you may be eligible for a refundable health insurance tax credit. The premium tax credit helps qualifying individuals and ...

Health insurance premiums in India are tax-deductible under Section 80D of the Income Tax Act. Policyholders can claim tax deductions up to INR 1 lakh based on the insured individuals' ages. This not ...

As you know a health insurance plan offers lots of benefits to the insured person, among which, tax benefits are specifically advantageous for saving money and managing finances more effectively. This ...

Taxpayers who donate to charitable causes can use a federal income tax deduction to reduce what they owe the IRS. However, only those who itemize their deductions can take advantage of it.

Homeowners insurance premiums are generally not deductible on your personal income tax return. However, there may be cases where you can deduct homeowners insurance premiums as a business expense.

An IRS Form 1095 will give you proof of health insurance for your taxes. No, you no longer need to prove you have health insurance on your federal tax returns. This change happened in 2019 when ...