If lawmakers fail to extend these provisions, 62% of filers would see a tax increase. A failure to extend the TCJA’s ...

As more people seek ways to reduce their tax liability after recent Budget changes, families are reminded of a gifting option ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

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

In the United States, many retirees are caught off guard when they discover that their Social Security benefits may be ...

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.

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

Enquiries have at least doubled since the Budget, says one expert, who believes these are now likely to increase ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...

It is also important to note that the basic tax slab exemption limit has been raised to Rs 4 lakh from the previous Rs 3 lakh ...

Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

We're 57 and jointly own a £1.3m house. We want to avoid a situation where the surviving twin might have to sell our home to ...