Interest earned in statutory provident funds, recognized provident funds up to 9.5%, Sukanya Samriddhi accounts, and Post ...

Retirement accounts such as Roth and traditional IRAs and 401(k)s are a great way to save, but mind the tax rules on ...

The House passed its 2025 budget bill for fiscal years 2026 through 2034, which outlined 'no tax on overtime.' When will ...

The income tax incentives of Registered Business Enterprises (RBEs) under CREATE MORE Act—Income Tax Holiday or ITH, Special ...

You should opt for the old tax regime if you want to claim deductions and exemptions for house rent allowance.

Rent income is an assessable head of income under the head 'Income from House Property' of the Income Tax Act, 1961, and ...

Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

Republican Rep. Marc Lombardo used the opening hour of the House’s annual budget debate to try to force representatives to take roll call votes on several tax cuts, and in doing so showed a rift among ...

Old tax regime, however, still offers taxpayers a range of options to save taxes through various eligible deductions and ...

Tucked away on page 9 out of 50, there is a proposal to repeal the tax-exempt status of state and local bonds, which would retain an estimated $114 billion in tax revenue over the next 10 years. Asset ...

Summary: Taxation on agricultural land in India is governed by the Income Tax Act, 1961, which defines agricultural land based on its location relative to municipalities or cantonment boards. If the ...

The good news is that most Social Security recipients won't pay any state income tax on their benefits, because 41 states and Washington, D.C. have eliminated their tax. The not-so-good news is that ...