Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

Income tax return (ITR) filing season is back and the taxpayers have two more months to go for filing their tax returns ...

which can reduce their tax burden.Income tax rates applicable for individuals aged between 60 and 80 years who are senior citizens. To calculate income tax as per the old income tax slab ...

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

The income tax department has notified the ITR forms for the FY 2024-25 (AY 2025-26). The utilities to file the tax return ...

Social Security benefits were tax-free, but changes in legislation now mean that retirees with higher incomes may face taxes ...

There are several changes in the way capital gains from stocks and equity mutual funds in FY25 are to be reported. Mint's ...

dividend income and capital gains into the tax bracket. Calculating tax should be relatively straightforward, but for those earning six figures it's slightly more complicated. This is the ...

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...

There are two types of investors: risk-averse and risk-seeking. Most of us look for a risk-free investment scheme with ...

Employees retiring just before their annual increment will now get a notional hike for pension, no arrears, but a big win for ...

One may use the combination of a mutual fund lump sum investment and a systematic withdrawal plan (SWP) to generate a regular ...