The concept of Previous Year and Assessment Year, thus, were creating confusion in the minds of taxpayers as they represented ...

To promote infrastructure development, section 80IA was brought into Income-tax Act, 1961.

The tax bill and the proposed taxpayer’s charter when implemented in the spirit of justice and transparency will surely usher in the much-needed tax reforms ...

The new bill has preserved the tax policies and key provisions of the Income-Tax Act, 1961. Redundant rules have been removed, and the remaining text of the tax law has been simplified for easier ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

A major city in Vietnam has proposed imposing personal income tax on interest earned from savings deposits. As countries like ...

When voters head to the polls, a lot of times, there is an option to vote on a bond. Most recently, Lubbock voters approved a ...

By ensuring you claim any tax credits and deductions you qualify for, you can lower your tax liability and save some money.

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

Some people don't have to pay council tax at all and others can get a discount of 50% or 25% if they meet certain criteria ...

For example, a single tax filer earning $75,000 in 2024 and taking the $14,600 ... because you'll need to get a mortgage credit certificate (MCC) from your lender in order to qualify. If your income ...