ITAT Chennai ruled in favor of Lakshmiammal Progressive Educational Trust, deleting an addition of ₹31.6 lakhs after finding the receipts to be voluntary donations, not compulsory capitation ...

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

The AICPA asked the IRS and Treasury to provide guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the sweeping new tax law, ...

The premium tax credit is a refundable credit that helps some taxpayers afford health insurance premiums. The advance PTC lowers the premiums themselves. Many, or all, of the products featured on this ...

Till 30 September 2024, a company buying back shares was liable to pay a 20% tax while its shareholders were exempt. From 1 October 2024, the tax laws have been amended, making any amount received by ...

Election Day, or the general election, is Tuesday, Nov. 4. In the general election, voters will consider statewide ...

Kyoto, Japan, is increasing its tourist tax by up to 900% to combat overtourism. The tax hike aims to manage the strain on city infrastructure caused by a record number of visitors. The new tax, ...

During the COVID-19 pandemic, millions of Americans packed up and moved — chasing sunshine, freedom and, let’s be honest, a lower tax bill. Fleeing from New York to Florida and California to Texas, ...

Pay attention to withholding tax because if too little is withheld, you may owe the IRS come tax time. Many, or all, of the products featured on this page are from our advertising partners who ...

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday extended the deadline for filing the income tax returns for the 2025 tax year by 16 days. The notification stated that the income tax ...