There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible taxpayers fail to take advantage of the tax break each year. The Earned Income Tax Credit ...
The Child Tax Credit is available to those filing separately, and you may save money by filing as Head of Household if you ...
Under Section 80M of the present income tax law, Indian companies are allowed to deduct dividends received from domestic or foreign companies, as well as business trusts, when these dividends are ...
Going without insurance hurt all low-income Americans. But studies suggest the drop in Black Americans’ coverage under Trump’s plan outpaced that of white Americans. The rate of uninsured Black ...
Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a ...
Low-income pensioners on disability benefits, or those providing unpaid care, may be entitled to extra financial support.
New Income Tax Bill 2025 aims to simplify language by replacing complex terms with easier alternatives. Spanning 622 pages, ...
Section 10 of the Income Tax Act, which previously outlined exemptions for various types of income, including agricultural ...
Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...
Finance Minister Nirmala Sitharaman on February 13 tabled the new Income Tax Bill in the Lok Sabha. The bill, which is headed ...
By trimming word count by 40-50% and eliminating confusing phrases, the new Income Tax Bill makes itself more accessible to ...
The Income Tax Bill, 2025, introduces changes affecting NRIs and foreign companies, including tax rates on dividends and ...
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