A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly.

British finance minister Rachel Reeves received more bad news on the public finances on Friday after January tax receipts came in lower than expected, barely a month before she gives an update on ...

Britain notched up a record Government borrowing surplus in January, according to official figures, but higher spending ...

With roaring increases in revenue and substantial growth in the crypto market, here’s what we thought of Coinbase stock.

The Internal Revenue Service (IRS) fired dozens of Denver employees Thursday, beginning President Donald Trump’s broader purge of the agency’s workforce, according to Axios. Between 120 and […] ...

Release of Memorandum to include “Cost Accountant” in the Definition of “Accountant” under Section 515 (3) (b) of the Income-Tax Bill, 2025 Institute of Cost Accountants of India (ICMAI) has welcomed ...

Though the new regime offered concessional tax rates, it reduced several popular deductions and exemptions, like HRA, LTA, ...