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

Budget 2025 has made income up to ₹12 lakh effectively tax-free under the new tax regime. The Finance Minister increased the ...

The new income tax bill received clearance from the Union Cabinet last week. Soon, the FM will likely table the same in the ...

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

Gov. Greg Gianforte again wants Montana lawmakers to cut the top income tax rate. However, a bipartisan group of lawmakers ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The Department of Government Efficiency has the objective of cutting government spending by $2 trillion per year out of $6.8 ...

Hoping for more aid to cope with rising budgets, municipalities eye possible increases in revenue sharing rates ...

The expiration of provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) at the end of 2025 presents an opportunity for ...

The Retirement Savings Contribution Tax Credit was new in 2002. It reduces or eliminates the income tax a taxpayer may owe. This also encourages people to contribute to retirement plans or to an ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

The Reserve Bank of Australia (RBA) released a discussion paper this week on investment tax breaks. The study looks at ...