For older Americans, tax season offers unique opportunities to save. With special provisions like the extra standard ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion ... other employer-provided benefits and fringe benefits are not taxable. Examples include employer ...

They have called for policies that benefit a wider group of people, particularly women. This approach would help bring more people into the tax system and improve the country's tax-to-GDP ratio, which ...

Low-income tax filers and families should especially take a close look at tax credits while they file their tax returns. The ...

The proposal, backed by Virginia's Senate and House of Delegates, would grant a one-time rebate of between $200 and $400.

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

"The New tax regime is the default regime. To avail benefits of the rebate allowable under proposed provisions of the new tax regime, only a return is to be filed otherwise no other step is required ...

In Budget 2025 speech, Finance Minister Nirmala Sitharaman announced that NPS Vatsalya subscribers will now receive tax benefits under Section 80CCD(1B) of the Income-tax Act. This benefit, which was ...

The benefit of such a Nil tax liability is available only in the new tax regime, which is the default regime. To avail of the rebate allowable under the proposed provisions of the new tax regime ...

Subscribers of pension scheme NPS Vatsalya will receive the same tax benefits as regular NPS for their contributions under Section 80CCD(1B), said Finance Minister Nirmala Sitharaman in her Budget ...

In addition to the income tax rebate, Sitharaman introduced benefits for senior citizens and homeowners. No income tax up to ₹12 lakh Presenting her eighth consecutive Budget in the Lok Sabha, ...