In accordance with section 153 of the Income-Tax Bill 2025, senior citizens are eligible to claim a tax deduction of Rs 50,000 for interest income earned from savings accounts and time deposits in ...

As tax season kicks off, millions of Americans are preparing to file their returns before the April 15 deadline.

Tax expert Turon Kendrick shares essential advice, emphasizing the importance of early but complete filing, ensuring all tax ...

You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

Cameran Clark, director of tax policy and government affairs for the department, told state education officials Thursday that nearly 75% of households in Alabama earn less than the income threshold of ...

Uncertainty in federal funding under President Donald Trump's administration has made a tough state budget season even more ...

I have reached my full retirement age (66 plus 8 months) and plan to apply for Social Security this month, but I've seen ...

A mega backdoor Roth can save you a lot of money. Here's how they can help with your long-term financial goals.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

As 2025 begins, it’s the perfect time to hit refresh on your financial goals that you may have procrastinated over the past ...

McMahon’s confirmation hearing made clear that the Trump administration’s goal is not education reform, but dismantling public schools and privatizing the system for corporate gain.

The wisdom of undertaking Roth conversions is highly dependent on the particular household circumstances. Roth conversions do not avoid taxes, they accelerate taxes. Conversions pay off when the tax ...