High-earning parents will soon be spared the hassle of filing a tax return to pay back child benefit. We explain what’s changing and how the high income child benefit charge (HICBC) works ...
NEXT explains that if you’re an independent contractor, it’s your job to pay taxes on your own—and you’ll want as many 1099 ...
In 2025, the Social Security tax cap rises to $176,100, marking a $7,500 increase from 2024. This change impacts individuals ...
Per-capita personal income reached an all-time high in Silicon Valley to $157,100 in 2023, the report found. That was up 2.6% from the per-capita income of $153,000 in 2022. The year 2023 was the most ...
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...