Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

One of the proposed changes is to present rates, thresholds, and limits in a tabular format, rather than in lengthy written ...

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break ...

In the release issued under this headline earlier today by Minerals Technologies Inc. (NYSE: MTX), there was an error in the condensed consolidated balance sheet table. The corrected release follows: ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

Under the provisions of section 87A of the Act, an assessee, being an individual resident in India, having total income not exceeding Rs 5 lakh, is provided a rebate of 100 per cent of the amount of ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is because to get this tax ...