The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

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

The Trump administration’s many attempts over the past couple of weeks to halt federal spending have met mostly with approval from Republicans on Capitol Hill and outrage from Democrats.

Kansas Senate Republicans announced their intention to end taxes on tipped income, but it might be irrelevant if the federal ...

There are some free tax filing options now available for qualifying Alabama residents. Gov. Kay Ivey announced Feb. 10 that ...

That’s sort of what one would expect given that Trump is a Republican, but also kind of weird in that states and congressional districts that vote for Republicans are as a rule much bigger net ...

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

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

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 ...

Bill Gross knows a thing or two about yield-focused investments. According to Forbes, Gross, known as the "Bond King," is worth about $1.7 billion. Given their high tax-advantaged yields and ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Although the addressable market for AI is enormous, not everyone is sold on the success of a pair of market-leading ...