Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

Consult a tax professional to determine which regime is beneficial for you after this year's changes to tax slabs and rates ...

Two million more pensioners are to be dragged into the tax net after Labour confirmed it would hold the tax thresholds at their current level ...

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In the latest budget announcement, a significant change has been introduced to the tax structure that impacts individuals ...

In the union budget for the financial year (FY) 2025-26, finance minister Nirmala Sitharaman announced notable reform to the ...

Money Makeover: our reader is concerned his personal sacrifices aren’t enough to shield his wealth ...

Union Finance Minister Nirmala Sitharaman explained that these revisions are designed to increase disposable income, ...

The most important thing to remember is that someone on the full New State Pension will not pay income tax, but older people with additional income through employment, private or workplace pensions, ...

Following the Budget 2025, Section 87A of the Income Tax Act now offers marginal relief for taxpayers under the new tax ...

A measure to cut the income tax rate in Kentucky – House Bill 1 – is the first in 2025 to gain Senate approval. With a 34-3 vote on Tuesday, the Senate approved the measure that would reduce the state ...

The IRS offers a significant tax credit for low to moderate-income workers, potentially providing up to $8,000. This credit, ...