Individuals having taxable income of Rs 12 lakh will not required to pay any tax from FY 2025-26. However, there can be ...

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

This Budget, FM Sitharaman tweaked the tax slabs in a manner that would benefit taxpayers in higher salary brackets as well, ...

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, ...

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

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

The government provides a Rs 75,000 standard deduction in the new tax regime benefiting salaried individuals and pensioner by ...

For salaried individuals and pensioners, the standard deduction has been increased to Rs 75,000. This effectively raises ...