Many don't know they can claim valuable tax credit worth up to $7,830 for some families
The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...
IRS’s Direct File Makes It Easier For Families To Claim Tax Credits
Most people who are eligible for tax credits claim them. Direct File—the IRS’s online tool for filing tax returns—could get ...
CT Senate GOP: Cut income tax, freeze state employee wages
In addition to a state employee wage freeze and income tax cut, CT Republicans want to cap municipal property tax increases ...
Tax Guru2d
New Income Tax Slabs for 2025: Old vs New Regime – Key Questions Answered
The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...
MoneySense on MSN6h
How your net income gets calculated for tax and OAS
To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by ...
India Today on MSN1d
New income tax regime: Check how much you'll save with these simple calculations
Tax experts explain how the new income tax changes impact taxpayers across income levels, from Rs 6 lakh to Rs 1 crore, after ...
What is withholding tax?
Withholding tax refers to the amount of income taxes your employer takes from your paycheck to pay your taxes throughout the ...
No income tax up to Rs 12 lakh: What it means if you earn more
In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...
FY2025-26 New Income Tax Slabs Under Revised Tax Regime – A Detailed Breakdown
To the relief of middle-class tax payers, Finance Minister Nirmal Sitharaman announced a new tax slab during the Union Budget ...
India Today on MSN3d
Changes in income tax rates, slabs in Budget. This is how you stand to gain
Finance Minister Nirmala Sitharaman overhauled income tax rates and slabs in Budget 2025-26 to bring relief to the salaried ...