If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

No statistical contortion can hide the growing divide between the 1 percent and everyone else. How much income do America’s households take in? How much do they have left after taxes? Do ...

To foster a more competitive and favourable investment environment for funds and family offices, the Financial Services and Treasury Bureau issued ...

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

You pay your federal income tax liability through withholding from your paycheck, estimated tax payments (usually if you’re ...

The government said it tried to allay the concerns of India's middle class, particularly income tax payers, in the Union ...

The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...

“Data and Transparency. To increase LIHTC data transparency, a new section was added (Sec. 801, and 801 (a) in the Senate ...

The Finance Bill 2025 proposes amendments to Section 206C of the Income-tax Act to clarify the definition of “forest produce” and revise the tax collected at source (TCS) rates. Currently, TCS at 2.5% ...

A fintech professional's assertion that anyone earning under ₹60 lakh annually is poor has sparked debate online.