Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

The article examines the potential scrapping of the old income tax regime in the upcoming Budget 2025. It highlights the ...

Stocks that could benefit from announcements include Hindustan Unilever, Maruti Suzuki India and Godrej Consumer Products, as ...

The Volunteer Income Tax Assistance (VITA) program is returning to South Texas College to help taxpayers process their tax ...

Elon Musk’s Tesla paid a total of $0 in federal income taxes in 2024, new tax reports show, despite the company having raked ...

Under the New Regime, income up to Rs. 3,00,000 is tax-free, while under the Old Regime, the threshold is Rs. 2,50,000. This article will explore the taxation on foreign sources of income in India for ...

As income tax becomes a universally distressing issue, these best tax-free countries remain desirable destinations for people willing to renounce their citizenship in exchange for better welfare.

Low-income Illinoisans feeling the weight of college tuition might soon get a bit of a relief. Roosevelt University and the University of Illinois Chicago recently announced they’re easing costs for ...

PLATTSBURGH — Local AARP Foundation volunteers are offering free income tax preparation service to senior citizens, families and individuals beginning Monday, Feb. 3. Service is by appointment ...

Although the program is aimed toward older adults with low to moderate income, anyone can use Tax-Aide regardless of age, and you don’t have to be an AARP member. Did we mention that it’s free? The ...

For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income ...

As per the current tax rules, income up to ₹2,50,000 is tax-free. Understanding the tax implications and the deductions available is essential to ensure accurate reporting and optimisation of tax ...