The concept of ‘tax year’ has been introduced replacing ‘previous year’ and ‘assessment year’ in the new Income Tax Bill ...

Image Source : PTI Union Finance Minister ... The Finance Minister had first announced a comprehensive review of the Income-Tax Act, 1961 in the July 2024 Budget. Finance Minister Nirmala ...

Alabama was one of the first states to enact legislation allowing student-athletes to profit from their name, image and ...

This bill, set to replace the six-decade-old Income Tax Act, 1961, aims to simplify tax laws, enhance compliance, and reduce litigation. (Image: Freepik) With the New Income Tax Bill likely to be ...

Income tax department has launched the new utility to enable taxpayers find the relevant provision in New Income Tax bill by ...

A nonprofit is a tax-exempt corporation that returns its net earnings to its mission. Learn about IRS rules for nonprofits.

A Utah lawmaker proposed a bill allowing universities to pay college athletes directly for the use of their name, image and ...

FreshSplash / Getty Images Ordinary income is income earned by an ... The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) reduced the tax on most dividend income and some capital ...

Zach Gibson/Getty Images Benjamin Franklin ... "H.R.3838 - Tax Reform Act of 1986." Economic Policy Institute. "The Earned Income Tax Credit and the Child Tax Credit." Center on Budget and Policy ...

The bills would increase deductions on the taxable income of Americans over the age of 65 and enjoying Social Security ...

President Donald Trump is approaching his one-month mark in office, and his scorched-earth approach to the executive branch has split New Jersey’s ...

State representative Joe Lovvorn of Auburn introduces House Bill 240, the Competitive Edge NIL Tax Cut Act. The bill would exempt any compensation earned by student athletes for the use of their name, ...