A sizable tax break could be coming for tipped income, but the economic knock-on effects could be damaging.

Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

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

In a move to aid retired citizens with their tax responsibilities, the Income Tax Department has published a detailed ...

The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.

As the 2026 tax landscape begins to take shape under President Trump's newly released budget proposal, one key question has emerged for millions of retirees: will Social Security i ...

After five years, the income tax rate for the highest bracket is likely to revert to 30 percent in the upcoming fiscal year ...

It took intense lobbying from President Donald Trump, an all-nighter, and a vote on a bill for which many people did not yet ...

Since taking office, Mr. Trump has raced to enact his economic vision, aiming to pair generous tax cuts with sweeping ...

Making tax digital (MTD) for income tax is part of the government’s strategy to reduce this gap. It introduces requirements ...

The Income Tax Department has released a new brochure which mentions all the benefits under the Income Tax Act, 1961 which ...

For the FY 2025-2025 IT returns, taxpayers can now use ITR-1 (Sahaj) or ITR-4 (Sugam). This includes those with long-term ...