Many taxpayers find it difficult to ascertain which tax regime makes them pay lower tax in a financial year. The simple answer to that is the amount of deductions claimed by you in the old tax regime.

Earned Income Tax Credit (EITC). Most traditional college students won’t be eligible to claim this credit since you have to be at least age 25 or have children, but if you’re an older student or a ...

What is child tax credit ... contact the tax credits helpline on 0345 300 3900. You can either do the forms and send them in the post, renew over the phone by calling HMRC, or use the online renewal ...

If a lender forgives some or all of the loan, you may have to pay taxes on the forgiven loan amount. The IRS allows taxpayers to deduct interest on personal loan funds used for business purposes.

From filing tax returns to claiming tuition and student loan interest, here are nine steps students should take ...

This is where online home loan EMI calculators can help you ... while approving a home loan Home loan EMIs are also eligible for tax benefits under sections 80C, Section 24 and Section 80EEA of the ...

The number of filers charged penalties for failing to pay estimated taxes jumped last year to 13 million, a one-third increase compared to the year before the pandemic, IRS statistics show. More than ...

Most children and teenagers have had little interaction with the financial world. They probably have no credit or work history and have never filed taxes.

The managing director said if the private institutions’ students should be considered, then some may argue for Nigerians studying abroad to also benefit.

Here’s how to get student loan forgiveness in 2024 — and what you need to know before pursuing this path. You must have federal student loans to qualify for a forgiveness program. Private student ...

Both are benefits that save you money on taxes. A tax credit lowers your final tax bill; it comes off the top of what you owe. A tax deduction, on the other hand, “reduces the amount of income you ...

Online tax filing for the 2023 year began on February 19. As the tax season remains underway, it’’s essential to mark your calendars for April 30 — the deadline for most Canadians to file their tax ...