President Donald Trump on Thursday explained his tax plan to House GOP leaders, including Speaker Mike Johnson, Majority ...

Judge temporarily blocks Trump plan offering incentives for federal workers to resign; Swedish police say mass shooter was ...

Ayala-led Globe Telecom Inc. said it remains keen on the local listing of Globe Fintech Innovations Inc. (Mynt), which operates fintech behemoth GCash. The company also said it is currently ...

The government is larger today than it was back then, so there was less interest on the part of the oligarchs of the day to ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

It’s mainly determined by your taxable income, tax bracket, filing status and any tax credits or deductions for which you qualify. You pay your federal income tax liability through withholding ...

Add in pension income, taxable investments, rental income and part-time work, and a retiree may find themself in a higher tax bracket than during their primary earning years. Inheriting pre-tax ...

Now let’s quickly walk through the tax return. After reporting your income, you will list your deductions. A deduction reduces your total income. For example, if you have a total income of $ ...

Tax rebate is a form of discount applicable on income falling within a certain tax bracket. However, if your income exceeds the specified bracket, a rebate would not be available and normal tax ...