Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate ...

Immigrants residing illegally within the U.S. could no longer receive child tax credits or tax breaks for low income earners ...

As retirement planning becomes increasingly complex, with 66% of non-retired adults reporting their savings aren’t on track, ...

As President Donald Trump begins his second term, hot-button topics like immigration and tariffs have been in the spotlight.

A new consultation relating to the legislation for the Corporate Income Tax is under way for the next three weeks, a ...

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

Last year, the IRS announced a phased rollout of reporting requirements for businesses who receive at least some of their ...

As per the Income Tax Act, 1961, it is mandatory to file an Income Tax Return (ITR) if your taxable income is more than the ...

The reinstatement of indexation in India’s tax system aims to ensure fair taxation and restore market confidence. It protects ...

One of Tesla’s biggest tax-saving mechanisms is accelerated depreciation, a loophole that allows corporations to write off the cost of assets much faster than they actually lose value. In 2024, Tesla ...

This article discusses some of the key amendments that may be introduced in the upcoming budget to achieve the Finance ...

Some lawmakers want to see the cap on deductions for state and local taxes or the child tax credit indexed or at least ...