The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled in favor of Purna Purshottam Exports, stating that the Principal Commissioner of Income Tax (PCIT) cannot invoke Section 263 of the ...

Proposed budget contains income tax relief to limit the impact on the poor, while more necessities can be zero-rated and social grants bring relief.

Politicians continue to obsess over the ups and downs of interest rates and neglect the real stuff that could make us ...

DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS altogether. But filing a ...

Social security is already in danger. President Trump's plan to get rid of income taxes on the benefit won't save it. In fact, it'll probably do the opposite.

New York is one of twelve states that has a separate estate tax. New York’s estate tax exemption is lower than the federal ...

Furthermore, the TCJA put a $10,000 cap on the state and local tax (SALT) deduction. If the cap is retained once the TCJA ...

Cuts to vital programs for many seniors like Medicaid and SNAP are in the same bill in the House of Representatives as tax ...

The national debt is the total amount of money a country’s government owes to its creditors. A higher national debt can affect personal debt through increased interest rates, reduced benefit programs ...

Withdrawing your 401(k) early may offer a way out of a tricky financial situation, but early withdrawals generally come with consequences too. Discover More: 4 Unusual Ways To Make Extra Money ...

Disclosures: TurboTax Free Edition is for simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student Loan Interest). Roughly 37% of filers qualify.