How will DOGE and the Trump Administration's cuts to federal workers affect the IRS and you getting your tax return?
This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.
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Could you be exempt from filing taxes? Here's what the IRS says about your incomeFiling taxes in the United States isn't always mandatory. The IRS sets specific income thresholds that determine whether you need to file a tax return.
Do you dream of one day sending your child off to university, but shudder at the thought of them leaving tens of thousands of pounds in debt just as they start out in life?
plan or individual retirement account (IRA), to provide $48,000 per year in sustainable retirement income. It's important to note that the 4% rule has a number of flaws. It assumes you'll withdraw ...
Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...
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