A new savings account for children that comes with a $1,000 deposit remained in the Senate’s version of President Trump’s budget bill.

As Indian senior citizens prepare to file their Income Tax Returns (ITRs) for the Assessment Year 2025-26, a host of income tax benefits has been made available to retirees aged 60 and above, ...

If their annual tax liability is Rs 10,000 or more, then advance tax is required. However, if you live in India, are above 60 years of age and do not have any business or professional income, you ...

The Income Tax Department has come out with a brochure outlining tax benefits for retired employees in both the public and private sectors, covering gratuity, pension, and leave encashment. It details ...

The Income Tax Department of India released a brochure on 24 May 2025, titled “Benefits Under Direct Taxes for Retired Employees”, explaining the tax exemptions and deductions applicable to retired ...

The House Budget Committee voted against advancing the GOP’s party-line tax and spending package Friday thanks to ongoing opposition from hard-line conservatives. The panel rejected the bill, 21 ...

While House Republicans, like Representative Jason Smith of Missouri, have described the tax bill as helping everyday Americans, economists have found that its most generous and lasting benefits ...

Some in GOP want big cuts to food assistance in Trump’s tax bill. Committee chairs say no. Republican leaders of the House and Senate agriculture committees say they will not advance legislation ...

For example, if you’re a single filer and paid $20,000 in eligible expenses during tax year 2024, you would probably benefit from itemizing rather than taking a $14,600 standard deduction.

Georgia: Recently passed a $250-per-child tax credit for families with children under age 6. These state-level benefits vary in eligibility and payment structure, so it’s worth checking with your ...

Example: Barbara, a 72-year-old retiree, receives $24,000 per year in Social Security benefits and needs $20,000 from her IRA to cover her living expenses. Her provisional income is calculated as ...