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, ...

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

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

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

The following editorial was published by Bloomberg Opinion. It does not necessarily reflect the opinion of The Meadville Tribune.

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 ...

The Internal Revenue Service has launched a campaign highlighting a tax break for Massachusetts workers worth up to $7,830.

Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.

The House of Delegates and Senate are presenting a united front in pending budget negotiations with Gov. Glenn Youngkin on ...