Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...

It aims to simplify the existing Income Tax Act, 1961, by making it more structured and easier to understand. If passed, the new law will come into effect from April 1, 2026.

Some home improvements are tax deductible, but the IRS has strict rules about which are eligible. Find out if your project or remodel qualifies for a deduction.

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

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with inflation. The IRS increased the threshold for each tax tier b ...

Unlike Roth IRAs, there are no income limits on Roth 401 (k)s. You can contribute to the account no matter how much you earn.

The reason for alimony is to provide financial support to the spouse who makes a lower income, or in some cases ... spouses of long-term marriages (for example, more than 10 years) and will ...