Taxable income is determined by starting with gross salary, as per the salary slip, and applying regime-specific exemptions and deductions rather than relying on the net pay shown on the salary slip ...

Self-employed or freelance and owe taxes? Learn which IRS tax relief options may help, including payment plans, penalty ...

Draft Income-tax Rules, 2026 provide the procedural and operational framework for the Income-tax Act, 2025 ...

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify ...

Gov. Mike Dunleavy's proposed sales tax could clash with existing revenue measures in cities and boroughs across the state, lawmakers said during a House Finance Committee hearing on Thursday.

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

I’ve wound up in a lot of conversations recently criticizing Oberlin’s lack of alignment between its current decisions and their impact on student life, and its professed left-wing values. Criticisms ...

Returns claiming EITC/ACTC: By law, the IRS must hold refunds for those claiming the Earned Income Tax Credit (EITC) and ...

The gift tax limit affects how much can be given each year without tax consequences. See what counts as a gift and when ...

Much ink has been spilled ever since former Masters champ Vijay Singh announced his return to the PGA Tour at the Sony Open. Of course, ethical questions persist about him taking spots from younger ...

Eliminating state income taxes sounds great to many voters, but Republicans backing the push in multiple states still face questions about whether such big tax cuts can be made without raising other ...

Starting Jan. 1, student-athletes in Arkansas will be exempted from state income taxes if the pay comes directly from colleges or universities. Signed into law by Gov. Sarah Huckabee Sanders in April, ...