The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to the discussions on the Finance Bill ...

The United States federal income tax is levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities. Federal income taxes for ...

But more than just tax refunds are on the line. Another bill going to the Senate for approval addresses state income tax cuts. As Kiplinger reported, Georgia moved to a new lower income tax rate ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

Starting April 1, 2026, the Income Tax Department will have expanded authority to scrutinize taxpayers' digital presence, ...

Your child will have to file a tax return if they have more earned income than the amount of the year’s standard deduction. You might want to file for them anyway if they’ll receive a refund.

Minnesota has a progressive tax system, and has enacted recent policy changes that benefit low- to moderate-income households. Under a progressive tax policy, low-income families are taxed at a ...

HM Revenue & Customs (HMRC) has launched two anti-tax avoidance consultations, as part of its ongoing clampdown on the promoters and facilitators of disguised remuneration schemes. These types of ...

Simple Form 1040 returns only (no schedules except for earned income tax credit, child tax credit and student loan interest). TurboTax reports that 37% of files qualify for the free edition.

In a bid to tackle wealthy tax avoiders and bring in £500m in unpaid taxes, HMRC will be overhauling its approach to offshore tax non-compliance by the wealthy. This will include recruiting ...

Tesla’s all-time accumulated net income is far below the $55 billion CEO compensation package Elon Musk is trying to secure. We built a tracker to follow Tesla’s income catching up to Musk’s ...

NEW YORK — There's a lot of information (and money) on the table during tax season. That also makes it a prime time for scams. Year-round, fraudsters may use a handful of common tactics to try ...