What's not yet clear is what happens to the Strategic Outreach and Attraction Fund (SOAR), a program advocated by Whitmer to ...

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

(NEXSTAR) – There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail to take advantage of the tax break each year. The Earned ...

Among the key changes announced was the introduction of a provision under which individuals with a taxable income of up to Rs ...

STATEN ISLAND, N.Y. — Taxpayers will have until April 15 to file their taxes, according to the Internal Revenue Service (IRS) ...

The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the New Income Tax Bill on Friday (7 February), setting ...

The order issued in the public interest will come into effect immediately, according to a gazette notification ...

The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in ...

The new income tax law, which will replace the six-decade-old Income Tax Act, is expected to be introduced in the Lok Sabha next week, according to Finance Minister Nirmala Sitharaman's statement on ...

Columnist Joan Barron writes, "What stood out was the lack of trust many legislators have with their local governments in ...

The revised tax system is set to be implemented starting from the fiscal year 2025-26, affecting taxpayers in the assessment year 2026-27.