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

The Income Tax Department has made available a comprehensive comparison tool on their website, detailing the correlation ...

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...

Simplified Income Tax Bill brings in 'tax year' concept; omits 'previous year', obsolete clauses (Eds: Updating with details) ...

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

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

An "enhanced" version of the IRS' Direct File program launched this year, with availability in roughly twice as many states ...

In Capital Property Consultants Vs ACIT, the Delhi High Court dealt with the issuance of multiple notices under Section 148A(b) of the Income Tax Act, 1961, highlighting procedural lapses by the ...

you can simply deduct a certain amount from your taxable income and be done. For the 2025 season, the standard deduction is as follows: If the standard deduction seems high—it is! It nearly doubled as ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

Andy Beshear signed a bill into law Thursday that will reduce Kentucky’s individual income tax, expressing confidence that economic growth will offset the loss in revenue. The measure, which will ...

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable ...