Finance Minister Nirmala Sitharaman has made a big announcement regarding income tax. She has made income up to Rs 12 lakh ...

Union Budget 2025 brings key changes that impact your taxes, savings, and investments. Here's a breakdown of how these ...

The 2024 mileage rate for use of your vehicle to do volunteer work for certain charitable organizations is 14 cents a mile.

For the new Congress, deciding the fate of the 2017 Tax Cuts and Jobs Act will present an immediate dilemma. Allowing the law ...

With debt expected to reach nearly 120% of gross domestic product by 2035, comprehensive tax reform and spending cuts — across a range of entitlements and other programs — will be unavoidable. A ...

For the new Congress, deciding the fate of the 2017 Tax Cuts and Jobs Act will present an immediate dilemma. Allowing the law’s provisions to expire as scheduled at the end of the year would ...

New system's simplicity, reduced tax liability, increased disposable income potential 'make it a formidable alternative' ...

The Budget 2025 brings major tax relief for the middle class, making the new tax regime more attractive. From higher exemptions to simplified compliance, the reforms aim to boost savings, investment, ...

The Union Budget 2024 increased the standard deduction from Rs 50,000 to Rs 75,000 under the new tax regime, simplifying tax ...

When people donate their vehicle to public radio, they’re able to deduct the amount it sells for from their taxes. There is ...

A nonrefundable credit can reduce your tax liability to zero but not below that. Refundable credits can reduce your liability ...

The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...