A bill in the statehouse is looking to cut the income tax rate for the 2026 tax year.H.4216 aims to lower South Carolina’s current top tax rate from 6.2% to 3.9 ...

As tax season, a time most Americans dread, starts inching closer to the finish line, better known as the tax deadline, ...

Get a bigger refund by knowing which work expenses you can write off, whether you're a W-2 employee or self-employed.

The feature, launched in January 2025, allows individuals to file rectification applications directly with their respective ...

Finance Minister Nirmala Sitharaman proposed new income tax slabs under the new tax regime, which went into effect on April 1 ...

Salaried individuals with an income of up to Rs 12.75 lakh will have no tax liability after accounting for a Rs 75,000 standard deduction ...

Indian taxpayers have the option to switch between the new and old income tax regimes annually, following the changes introduced from the financial year 2023-24. The new tax regime is now the default ...

As tax season looms, individuals and businesses gear up to meet their fiscal duties. In the U.S., this involves submitting a ...

The ITAT found that the AO and the Commissioner of Income Tax (Appeals) (CIT (A)) did not adequately consider Shah’s alternate claim under Section 36 (1) (iii). Shah provided details of borrowed funds ...

Tax experts are sharing tips and important information ahead of the tax filing deadline to help people navigate this tax season.

One of the most grueling tasks is trying to do your taxes. Not everybody wants to do it or can do it right. So then if you ...

When you have $2 million saved, you are in an enviable position given that the average 50-year-old has a $592,285 401(k) balance while the median 401(k) balance for 50-year-olds is $252,850, according ...