Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Increased taxes would add to farmers’ current difficulties, as farmers continue to face increasing production expenses and ...

The new tax regime requires no such documentation, allowing only two specific deductions. The Income Tax Act, 1961's old tax regime provides various tax exemptions and deductions. (AI image ...

Income tax slab for AY 2025-26::Money experts say that depending on your situation, the old tax regime could be more advantageous if you take advantage of many deductions and exemptions.( ...

As Finance Minister Nirmala Sitharaman prepares for Budget 2025 announcements, several anticipated income tax reforms may impact salaried people. The upcoming budget may include reforms to aid ...

On top of a new presidency, changing economic tides and more, we have another crucial money event to focus on soon: tax ...

Filing taxes for the first time—or even after years of doing so—can feel overwhelming. With new tax laws, updated filing ...

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free.

A large tax refund can feel like a win. But if you're living paycheck-to-paycheck, that refund might actually be hurting you.

Elon Musk's growing power and unprecedented access to sensitive payment systems are raising concerns about tax season impacts.

While you can’t avoid paying taxes altogether, there are several strategies that can help you lower your taxable income, maximize deductions, and take advantage of tax-deferred growth.

How Hilary Hendershott, President and Chief Advisor of Hendershott Wealth Management, is talking her clients—and you—about ...