These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The Union Cabinet is expected to approve the new Income Tax Bill today, potentially leading to its introduction in the Lok ...

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 ...

Navigating the complexities of tax reporting can be daunting, especially for freelancers and those with side hustles. The ...

Despite the removal of many benefits, certain allowances remain exempt under the new tax regime, providing some relief to ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is my Adjusted Gross Income, plus any ...

The National Assembly on Wednesday approved the government’s second trillion-dollar budget, securing financial resources to pivot transformation across various sectors, including crucial measures to ...

If you're a freelancer, business owner or someone who occasionally makes money on the side, you need to know about the new ...

Now that President Trump is back, he made a lot of promises about tax law that he is expected to move forward in Congress.

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