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Is private mortgage insurance (PMI) tax-deductible?
Bankrate via AOL· 2 days agoMortgage PMI tax deduction calculation example To calculate your savings, you’ll multiply your claimed deduction (amount of deduction ...
Illinois residents can claim a bigger state tax credit next year under the new budget
WBEZ 91.5 Chicago· 3 days agoJB Pritzker’s signature. It’s called the standard exemption, and, until this tax year, had been...
Form 7206: New self-employed health insurance deduction
TheStreet.com· 4 days agoForm 7206 is the newly-introduced IRS form that self-employed taxpayers use to figure their deduction for health insurance costs. Form 7206 is a new IRS form for self-employed ...
Colombia court upholds ruling allowing companies to deduct royalties from taxes
Reuters· 6 days agoThe government of President Gustavo Petro had asked the court to delay enforcement of a previous decision - which said companies can make the deductions in 2023< ...
The IRS is making its free Turbo Tax alternative permanent
Engadget· 3 days agoAccording to the US Department of the Treasury, a Direct File...average." Right now, the free...
IRS Will Expand Free Tax Filing Program to All 50 States: What You Need to Know
CNET· 4 days agoTax season 2024 ended on April 15 (unless you filed an extension or live in these states with later...
IRS free tax filing program to be available nationwide starting in 2025
CNBC· 4 days agoIRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington,...
The Bucket List: Understanding Marginal Tax Rates | JD Supra
JD Supra· 3 days agoThe first is that credit card debt is back to record levels and the average interest rate on those debts is 20%. This means that unless somehow reduced consumer debt doubles every 3.5 years; ...
Pros and Cons of Donor-Advised Funds
Morningstar· 6 days agoA donor-advised fund is a vehicle that allows investors to donate directly to a charitable fund while retaining some control over the assets....
Illinois grocery tax and more: What to know about state budget as pivotal vote expected
NBC Chicago· 6 days agoIllinois residents could soon be in for some big changes -- particularly in their wallets -- as...