If the thought of an audit has ever given you chills, knowing the facts about them might help take the edge off.

A tax credit directly reduces your tax liability on a dollar-for-dollar basis. This makes it a better option than a tax ...

Here is what you should know about the child tax credit for this year's tax season and whether you qualify for it.

Two experts tell the Money blog their top wine picks for under £10. Also today: a YouGov poll has revealed the UK's most ...

Gov. Brad Little promises $50M for private school choice if bill meets his standards: fair, responsible, transparent and ...

You are probably aware that many employers are discarding the fully flexible, remote work policies that were forced upon them – as ...

However, if the total of these credits is more than your federal tax owing, you will not get a refund for the difference. As a newcomer to Canada in 2024, you may be limited in the amount that you can ...

The current Advance Income Tax (AIT) rate of 5% on interest is increased to 10%. Direction mechanism is to be introduced to prevent interest income below the personal relief to be paid without being ...

MILLIONS more people are set pay income tax this year thanks to below inflation increases in the personal allowance. But ...