Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

At present, the standard deduction is Rs. 75,000 under the new regime and Rs. 50,000 under the old regime. Keeping in mind that the Government has proposed to revamp the tax laws and is in the process ...

The Union Budget 2024-25 is just around the corner, and as Finance Minister Nirmala Sitharaman prepares to unveil the roadmap for India’s economy, taxpayers are keenly awaiting any announcement on the ...

Healey said people have had the benefit of a federal tax deduction and only in 2023 did residents in Massachusetts have the ability to claim a state charitable donation credit. “We’re not ...

(The Center Square) – Democratic lawmakers are blasting Republicans for considering cuts to some federal programs in order to finance President Donald Trump’s campaign promises, such as renewing the ...

car tax changes set to hit motorists from the Spring. New car tax rules will impact almost all petrol and diesel owners with major updates to standard and first-year rates. Standard VED ...