Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The Guaranteed Income Supplement (GIS) is a monthly payment you can get if you are 65 or older. The Supplement is based on income and is available to Old Age Security pensioners with low income. It is ...

MI Emirates, the defending champions, sit second in the points table, 8 points behind the leaders, Desert Vipers. With questions surrounding Nicholas Pooran’s captaincy, legendary pacer Waqar Younis ...

Is There a Way To Buy I Bonds Now? Yes, and it's more flexible than the old tax refund method. You can buy I bonds electronically through TreasuryDirect, the Treasury Department's online portal ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Vikki ...

Can Trump really do that, unilaterally, as president? It turns out he can, under a 90-year-old provision of the US tax code - Section 891. In an executive memo signed on January 20 outlining his ...

However, there was no change in tax slabs. A new tax regime was introduced in the year. Taxpayers could now choose between the old and new tax regimes. During her budget speech on July 23, 2024, ...

The new regime offers simplicity and lower tax rates, while the old regime provides benefits for those with significant deductions. Review your financial situation carefully to make an informed ...

Though the major tax relief is likely to be announced for the new tax regime, taxpayers need to know the current deductions available under the old tax regime. Here’s a comprehensive guide to the key ...

Meanwhile, 47% call for a hike in the set-off limit or complete removal of the Rs 2 lakh limit under the old tax regime. Although 72% of taxpayers have opted for the new income tax regime ...

As the anticipation builds for the Union Budget 2025, set to be tabled on February 1, taxpayers are again drawing parallels and debating pros and cons of old and new tax regimes. “The Union Budget ...

In a relief to investors, Central Board of Direct Taxes (CBDT) on Wednesday clarified that past investments made under certain tax treaties with countries like Mauritius, Cyprus and Singapore will ...