The Union Budget 2025–26 has introduced a notable increase in the basic income tax exemption limit and has redrawn the ...

Tax on gifts, HRA claims for rent to parents, and cash transaction limits, here are some of the less-known income tax rules ...

By now, most salaried individuals would have received their Form 16-a crucial document that summarizes salary earned, ...

Form 16 helps salaried individuals file accurate ITRs by detailing income, TDS, exemptions, and deductions, ensuring smooth ...

Here's what it would look like for Iowa if those policies become law as part of reconciliation bill in Congress ...

Ohio Gov. Mike DeWine vetoed four property tax relief measures in the state budget, leaving Republican lawmakers at odds ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

If you exceed the annual gift tax limit, you may have to file a federal gift tax return (IRS Form 709). But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime ...

When you invest in a mutual fund, inflation impacts your return, and you also pay a tax on capital gains. In such a way, the ...

Omission or fabrication of income from crypto, gig economy, or foreign sources ...

Individuals can still switch between the two tax regimes at the time of filing their returns, with key differences based on ...

While the new regime is now the default, the government still gives individuals the option to choose what works best for ...