"This is just a highlight of some legislation … in line with the three top priority areas that we’re focused on — economic ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

Paying taxes is a drag no matter how old you are. But when you’re retired, taxes can be even more of a problem than during ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

The new income tax bill is likely to bring a transformative shift in India’s taxation system by focusing on simplification ...

To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by ...

The proposed changes could substantially increase the disposable income available to both middle-class and high-income ...

As painful as it is to pay taxes during your working years, you might loathe the idea of paying taxes in retirement even more ...

Experts have often called the current Income Tax Act of 1961 complex, cumbersome, and leading to a lot of litigations. The ...

Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic ...

Social Security can generate real income. The more you earned during your working life, up to each year's income caps, the ...