Navigating the complexities of homeownership in the United States involves understanding which expenses are deductible and ...

Both the old and new tax regimes for individuals and Hindu Undivided Families (HUFs) will be retained, allowing taxpayers to ...

Charitable donations. The deadline for making donations for the 2024 tax year was extended to Feb. 28, 2025, given the disruption of the Canada Post strike. The draft legislation confirms that the ...

The new Income Tax Bill aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, it ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...

The proposed bill does not change tax rates. Instead, it focuses on three key improvements: simplifying language for better ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.

The newly introduced Income Tax Bill seeks to simplify tax legislation by minimizing litigation and interpretation, reducing the word count, sections, and chapters significantly from its 1961 ...

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and provide more clarity on various tax-related matters. This new bill, tabled ...

Simplification: The provisions under the Income Tax Bill, 2025, have clearer language and cater to modern work scenarios, ...