Capital gains and losses are taxed differently from income like wages, interest, rents, or royalties, which are taxed at your federal income tax rate (up to 37% for the 2024-2025 tax filing season).
President Donald Trump wants to end the carried interest loophole. Here’s how the tax break benefits Wall Street investment ...
Different capital assets — such as listed shares, mutual funds, tax-free bonds, debentures, unlisted shares, and real estate ...
The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge ...
Unit Linked Insurance Plans (ULIPs) with annual premiums exceeding Rs 2.5 lakh will be subject to a long-term capital gains ...
Taxpayers should remember that tax-saving exemptions on capital gains are available on long-term capital gains (LTCG) only.
Mark Carney plans to announce he won’t follow through with a proposed increase to Canada’s capital gains tax if he wins the ...
The highlight of Finance Minister Nirmala Sitharaman’s budget presentation was giving Income tax relief for the middle class.
you might be able to use a capital loss to reduce your income for your tax return, if you are reporting capital gains in the same year. Speaking of tax, a capital gains tax is the money owed in ...
The federal government has made a last-minute change to its capital gains inclusion rate increase. However, other tax changes ...
Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special ...
(ii) The Assessing Officer failed to appreciate that as per the DTAA, gains in respect of shares acquired post 4.2017 are taxable as per the Act and that these are the only losses which are carried ...