Majority Democrats in Washington on Tuesday rolled out the much-anticipated income tax bill. Senate Bill 6346, with Senate ...

The Union Budget 2026 has not changed the standard deduction limits, but it remains one of the most important tax breaks for ...

Lawmakers unveiled their tax the rich proposal Tuesday. But the only broad-based tax relief it offers to regular folks is a ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...

EPFO said the rationalisation will serve the interests of all stakeholders by ensuring convergence between the Income Tax Act and EPF laws.

The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, ...

Gov. Bob Ferguson says he won't support a proposed millionaire's tax without changes to send more of the proceeds back to the pockets of Washingtonians.

MAT, meant only for companies, is calculated at the rate of 15 per cent of book profit and is chargeable only when it is more than the income tax. The Budget has proposed MAT to be the final tax and h ...

Finance Minister Nirmala Sitharaman, in an exclusive interview with ABP News, defended the Union Budget, describing it as a “futuristic budget” with a clear short, medium and long-term vision. Her ...

IRS staff shortages and new tax laws mean you should file your taxes early and triple-check everything.

Limited partners are not subject to self-employment taxes in a case recently decided by the Fifth Circuit Court of Appeals.

This will be on the back of the New Income Tax Act,1961, which will come into effect from April 1 as well as the announcements in the Union Budget 2026-27 that include several measures aimed at ...