For the fiscal year 2024–2025, the exemption threshold for income tax is up to Rs 2.5 lakh for all individuals, Hindu Undivided Families (HUFs), individuals under 60 years of age, and Non ...

Some reminders regarding non-taxable de minimis benefits are as follows: a. In general, any incentives given to employees form part of the compensation subject to income tax, unless specifically ...

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.

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

Income tax is charged on most types of income but tax allowances protect some from the taxman. As the end of the tax year, which falls on April 5, nears, we look at the income tax rates and tax ...

You're not entirely out of luck if you don't live in one of the 13 states where retirement income isn't taxed. At least some retirement income is exempt from income taxes in many other states. For ...

High-income earners, retirees and the wealthy have the most to gain from no state income tax, local experts said. Low and middle class people feel more of the burden from sales and property taxes and ...

Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...

Financial security in retirement requires early and consistent investment, leveraging compounding interest to maximize ...

Social Security plays a big role in many Americans' retirement security. In fact, 40% of Americans ages 65 and older rely on ...

Kansas is no longer part of this list, and West Virginia is phasing out Social Security taxes, with no state income taxes on Social Security starting in 2026. “Each state has tax provisions that ...