U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face ...

Congress is likely to pass a tax cut on tipped wages this year. What we know about President Donald Trump's "one, big, ...

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

While filing ITR-1 and ITR-4, taxpayers can now file returns even with long term capital gains under sections 112A (up to ₹1.25 lakh with no brought forward/ carry forward loss).

An ITR is essentially a declaration of your income, deductions and taxes paid to the Income Tax Department of India. Whether you're a salaried employee, a business owner, or a freelancer ...

• Make the state and local tax (SALT) deduction cap permanent at a higher threshold of $30,000, phasing down to $10,000 at a ...

In 2024, the maximum deduction against retirement income was $64,040 for single ... here’s a convenient list of states grouped by how they tax income, pensions, retirement withdrawals and ...

That's just one of the narrow provisions tucked into the House GOP tax bill to rally enough votes, by addressing members' ...

The U.S. Senate passed the No Tax on Tips Act on Tuesday, sending the bill to the U.S. House for consideration. President ...

Five weeks until the end of the financial year means it’s action stations if you want to make any moves to minimise your tax.

As Australians rush to get their tax returns filed, many are missing deductions that could be worth more than $500 — and the tax office has warned workers to stop claiming private expenses as ...

Tax breaks on overtime pay and tipped earnings passed the House on May 22, 2025, as part of the “One Big Beautiful Bill Act” (H.R. 1). The ...