Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

The Union Budget 2025 proposes raising the TDS threshold, offering additional financial relief to small taxpayers and senior ...

Which states tax Social Security? Most states don't tax Social Security but some do. Here's which ones they are, and how they ...

President Donald Trump’s tax cut wish list would cost would the federal government between $5 trillion and $11.2 trillion in ...

When it comes to health insurance, prescription drugs and other health costs, January 2025 was not a boring month. The new ...

It’s 2025, and with it come major tax law changes for LLC owners. It’s crucial to stay in compliance and understand the ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often, and the value of the deduction increases with the price of a home,” ...

Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

President Trump laid out the important tax provisions that he wants accomplished this year by Congress in a meeting on ...

Tax refunds ... more money back in 2025 is if you earned the same, or even less, income because there are inflationary adjustments that occur to the tax rates, brackets and deductions, Freund ...

Republicans are looking to cut or eliminate nearly a dozen student loan and federal aid programs administered by the ...