The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

The return should be revised within the prescribed time limit. It can be revised any time three months before the end of the ...

According to the Income Tax Act, even if your income is tax-exempt, you still need to file an ITR if you spend more than ₹2 ...

India's income tax authorities are reviewing documents across the local offices of U.S. trading firm Jane Street and its ...

A simple step-by-step guide for homemakers to file their tax return where they have investment income, rather than salary.

U.S. tariffs are low and income taxes high so raising revenue with tariffs may make economic sense. A U.S. GST would make ...

Navy veteran Amir Hassan is campaigning for Michigan's 8th Congressional District with a plan to cut income taxes for first ...

No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they ...

In case of non-resident Indians, all income that accrues or arises outside India would not be taxable in India.

All taxpayers are in a hurry to file their ITR. However, many of them might face issues due to inactive PAN cards. If you are ...

Tax exposure can significantly impact the earning potential of retirement savings. By taking steps to maximize tax advantages, retirement savers can prevent unwanted and unnecessary tax costs from ...

We asked ChatGPT to calculate what would happen if Elon Musk paid taxes at the same effective rate as middle-class Americans.