The Income Tax Department has officially clarified the scope of the ₹60,000 rebate available under Section 87A in the New Tax ...

The Bill proposes halving the tax rate on unexplained income from 60% to 30%. It signals a shift towards proportionate taxation while retaining strict scrutiny. The change applies prospectively from ...

Let us understand which out of HRA and home loan can save you more tax after Budget 2026. ​House Rent Allowance (HRA) is a tax break which salaried taxpayers usually receive, and it’s one of the few ...

With Budget 2026 approaching, taxpayers and investors are facing an unusual legislative conundrum. This time, the familiar Income Tax Act of 1961 is set to be repealed starting from April 1, and clear ...

Gov. Patrick Morrisey on Monday detailed his plan to reduce the state’s income tax by assigning more specific percentages to his proposed reductions. “We’re going to work closely with the legislature ...

CHARLESTON, W.Va. (WSAZ) - West Virginia Gov. Patrick Morrisey announced Monday that tax relief is one of his top priorities for 2026. “Nine states have indicated they will have personal income tax ...

JB Pritzker is not making a graduated income tax a priority in 2026, despite backing the idea in principle and mounting budget pressures. Democratic lawmakers have introduced proposals to put a ...

Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt, but it ...

Filing taxes can be daunting, even overwhelming. Whether you file with help from a professional or on your own, calculating precisely what you owe to the Internal Revenue Service, or what the IRS owes ...

Nine U.S. states are lowering income taxes on Jan. 1, according to a recent Tax Foundation analysis — a move that could give some taxpayers additional financial breathing room as they head into the ...

LOUISVILLE, Ky. — Starting Jan. 1, 2026, Kentuckians will be paying less in individual income tax, dropping from 4 percent to 3.5 percent after state lawmakers passed a bill early in 2025 to approve ...

Some states have higher taxes in other areas to make up for the lack of an income tax. No income tax also applies to different forms of retirement income. Federal tax rules apply regardless of your ...