There has been a lot of talk about tax code changes in 2025 between Republicans and President-elect Trump. Currently it looks like retirement plans will not change. Reducing income taxes is ...

Members of U.S. President Donald Trump's trade team are unified in their goal of shifting the U.S. government from relying ...

The government is likely to announce Insight 2.0, an upgraded data analytics system under the income-tax department, in the finance bill, two senior government officials have said. The enhanced ...

Some big Wall Street firms are facing new complications that were not part of the plan when Donald Trump was elected in November.

The Narendra Modi government 3.0 has continued the focus on income tax relief for the salaried class initiated by the NDA government in 2014, breaking away from the UPA's practice of offering ...

Experts say there exists many flaws, glitches, etc with the e-filing ITR portal. Although these issues might seem small but collectively these add up to a bigger grievance. For example: When a notice ...

Levine cautions that these distributions will still be subject to ordinary income tax, which could impact overall tax liability. For those contemplating this option, Levine suggests evaluating all ...

The proposed hike in TDS (Tax Deducted at Source) on rentals up to Rs 6 lakh, as promised in the Union Budget 2025, aims to ...

The finance minister also announced the new income tax slabs and highlighted that taxpayers opting for the new regime will get an increased standard deduction of ₹75,000 compared to its previous ...

No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken. The 16th Amendment created the direct federal income tax.

TAX RELIEF Along with his trade and energy agendas, Trump has promised to slash federal regulations that he says limit job creation. He has pledged to extend personal income-tax cuts that he ...