To help sort through it, here is a list of some common types of nontaxable income. Of course, it's good to consult a trusted tax professional or financial adviser if you are uncertain about your ...

As of this year, nine U.S. states don't collect income tax on retirees' income simply because these states don't impose income tax on anyone. Other forms of revenue (like sales tax and property tax) ...

In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to Rs 12 ...

Standard deduction has been raised from the current ₹25,000 to 60,000 now and tax rebate under section 87A which was ₹25,000 ...