In 2021, Congress passed the American Rescue Plan, which changed some rules on tax breaks for educational costs. While this plan did away with the deduction for tuition and other education-related expenses, it expanded the income limits for those who can receive the lifetime learning credits. V...
For tax years after 2017, the deduction for unreimbursed employee expenses, is no longer available.Learn more about tax reformhere. For tax years after 2020, the Tuition and Fees Deduction is no longer available. Learn more about education creditshere. Video transcript: Hello, I'm A...
Transfer of Credits The New system under GST effective from July 1, 2017, allows a taxable person to collect the credits of previous taxes paid (before 01.07.2017) in the current system effective from 01.07.2017. This is subject to the condition of production of proof of last tax return ...