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

By Nidhi Jacob On February 1, 2025, Union Finance and Corporate Affairs Minister Nirmala Sitharaman announced that the nil ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

Finance Minister Nirmala Sitharaman raised the nil income tax slab to ₹12 lakh for salaried individuals. This entails a tax ...

The petition's creator, Alan David Frost, says it's "abhorrent to tax pensioners on their State Pension when it is over the ...

No tax for those earning Rs 12 lakh annually. Finance Minister Nirmala Sitharaman’s Union Budget has come as a blessing to ...

The government’s latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system ...

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to avoid an audit.

Marginal relief prevents individuals earning slightly above Rs 12 lakh from facing disproportionately high tax liabilities.

Salaried individuals with an annual income of up to Rs 12.75 lakh will have zero tax liability under the new tax regime. But ...

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

The Internal Revenue Service (IRS) has introduced a significant change in tax reporting regulations for digital income, which ...