The Tax Cuts and Jobs Act (TCJA) disproportionately benefited the working and middle classes, as evidenced by IRS data which ...

The House and Senate agreed to adopt a budget resolution that represents a crucial first step in the process of passing a 'reconciliation' bill. In this article, Ben Henry-Moreland of Kitces.com ...

The taxpayers need to carefully choose between the old and new tax regimes to claim the deductions under various sections of ...

U.S. risks losing its innovative edge due to expired provisions of Tax Cuts and Jobs Act. Renewing immediate R&D expensing is crucial for fostering innovation.

Summary: Section 270A of the Income Tax Act, introduced by the Finance Act ... and discrepancies in deemed total income under Minimum Alternate Tax (MAT) or Alternate Minimum Tax (AMT) provisions.

The Select Committee of the Lok Sabha, which is reviewing the Income-Tax Bill, 2025, on Thursday called for suggestions and views from experts, industry associations, organisations, and other ...

US President Trump, in a Fox News interview, has said that the money from tariffs might be enough to do away with the need for income tax. ‘There is a chance that ... Hoover signed the Smoot-Hawley ...

St. Joseph County’s income tax currently is 1.75%. Here’s what local officials are saying about what is now Senate Enrolled Act 1 and how much revenue the agencies could lose. “While Mayor ...

The Income Tax Department has continuously been expanding the scope of monitoring tax evasion. Tax officials have scaled up the use of Artificial Intelligence (AI) and data analytics to enhance ...

Peter is a writer and editor for the CNET How-To team. He has been covering technology, software, finance, sports and video games since working for @Home Network and Excite in the 1990s.

there are endless reports of millionaires and billionaires who pay $0 in income tax every year. On the face of it, that sure sounds like an uneven playing field and it contributes to the narrative ...

Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to claim deductions for various contributions made as donations. The deduction under the Act is available for ...