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The current personal income tax deductions and progressive tax brackets are increasingly outdated amid rising living costs, ...

Section 115BBE, which applies to unexplained income, was therefore not applicable. Accordingly, the ITAT allowed the appeal and ruled that the higher tax rate under Section 115BBE could not be imposed ...

In the Union Budget 2025, the Finance Minister announced significant changes to the new income tax regime Under the new tax system, people will not have to pay income tax on annual earnings up to Rs ...

For more information, see our expert panel. Mark your calendar: The deadline to file personal federal income tax returns is April 15, 2025. If April 15 falls on a weekend or holiday in a given ...

She said the parental leave system means women are "programmed" to compare the cost of childcare to their own income rather than ... two weeks time to change course. She is due to deliver the ...

“This is primarily a function of rising interest rates bringing more savings interest into the tax net,” Khalaf said. “Frozen tax thresholds also mean more people are now liable for income tax on ...

However, women have reported their contributions have been wrongly changed to match their lower mat leave income ... and was on course for its third-biggest weekly drop since 2020.

You may be owed hundreds of dollars by the IRS. But the government is just weeks away from keeping that money for good.

The Pitch has partnered with a local political awareness organization called Loud Light. Their goal is to engage and empower ...

Simple Form 1040 returns only (no schedules except for earned income tax credit, child tax credit and student loan interest). TurboTax reports that 37% of files qualify for the free edition.

Whether or not you have to file mostly comes down to your filing status, and how much income you earned over the course of the tax year. And it's on you to figure it all out. "The tax system is ...