In January 2025, the IRS provided crucial updates on the federal tax status of special payments made by 21 states. These ...

House Ways and Means Committee Chairman Jason Smith (R-MO) says any tax legislation that comes out of his committee will ...

Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman in Union Budget 2025 ...

In a move aimed at providing significant relief to taxpayers, the Budget 2025 is expected to introduce major changes in ...

One of the arguments for revising income tax thresholds is the impact of inflation. While core inflation has largely been ...

In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security ...

More than half the state legislatures enacted income tax cuts over the past several years and it's clear this trend will ...

The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming Budget to ...

Gov. Glenn Youngkin (R) has proposed making Virginia the first state to deliver a no-tax-on-tips policy, but House Democrats ...

According to state’s Revenue and Fiscal Affairs office, 44% of South Carolina’s tax filers don’t pay any state income tax.

Finance Minister Nirmala Sitharaman is all set to present her record eighth Union Budget on February 1, 2025. The Nare ...

Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman in Union Budget 2025 to boost money in hand and improve consumer demand, respectively.