If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

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 revised income tax law is expected to be clear, concise, consistent and supplemented with illustrative examples to aid ...

You pay your federal income tax liability through withholding from your paycheck, estimated tax payments (usually if you’re ...

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

To foster a more competitive and favourable investment environment for funds and family offices, the Financial Services and Treasury Bureau issued ...

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

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that ...

Also, note that employers are required to send employees their W-2 and 1099 income tax forms by the end of January. When is the deadline for filing a 2024 tax return with the IRS? The official ...

The highlight of Finance Minister Nirmala Sitharaman's eighth consecutive Budget is the relief to middle-class taxpayers from the salaried class. But the Budget speech, which also announced revised ...