Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

The Union Budget 2025 introduces a series of measures aimed at enhancing the competitiveness and attractiveness of units in International Financial Services Centres (IFSC), with a particular focus on ...

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

A fintech professional's assertion that anyone earning under ₹60 lakh annually is poor has sparked debate online.

In Budget 2025, reporting entities such as banks and crypto exchanges are now required to regularly report information on ...

Union Budget 2025 catered to the middle class after much backlash over the year. Presented on February 1, 2025, the finance ...

Beaumont's unique definition of a "balanced budget" raises concerns among City Council members about spending and rainy-day ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.