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

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...

Charitable donations. The deadline for making donations for the 2024 tax year was extended to Feb. 28, 2025, given the disruption of the Canada Post strike. The draft legislation confirms that the ...

Navigating the complexities of homeownership in the United States involves understanding which expenses are deductible and ...

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

The proposed bill does not change tax rates. Instead, it focuses on three key improvements: simplifying language for better ...

The newly introduced Income Tax Bill seeks to simplify tax legislation by minimizing litigation and interpretation, reducing the word count, sections, and chapters significantly from its 1961 ...

The new Income Tax Bill aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, it ...

The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and provide more clarity on various tax-related matters. This new bill, tabled ...

The Republican-controlled House Budget Committee voted along party lines to advance a massive budget blueprint to slash taxes ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.