The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.

Could a 10% flat tax — based on traditional notions of tithing — bring more sanity and equity to the U.S. tax code?

New income tax bill: FM Nirmala Sitharaman to table the new I-T bill in Parliament on Thursday. Here is what it says ...

Different indirect taxes were subsumed in the Goods and Services Tax, which took effect on July 1, 2017. The new Income Tax ...

Finance Minister Nirmala Sitharaman to introduce the Income-Tax Bill, 2025 in Lok Sabha, focusing on clarity, simplicity, and ...

The Simplified Income Tax Bill 2025, introduced by Finance Minister Nirmala Sitharaman, will replace the outdated Income Tax ...

MUMBAI: The new Income Tax Bill has no changes in the rate structures, nor are there any changes in the capital gains tax ...

Several redundant Chapters and Sections in the 1961 Act are omitted. The Tax Administration should endeavour to maintaining ...

Claiming a tax deduction for mileage can be a good way to reduce how much you owe Uncle Sam, but not everyone is eligible to write off their driving costs. In the past, taxpayers had more options ...

At the expected tax rate of 22%, that deduction would result in $220 of tax ... Federal tax credits are recorded on Form 1040 Schedule 3-- most also require a specific separate form, worksheet or ...

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...