Boil down the hundreds of tax provisions in the sprawling legislation signed by President Donald Trump on July 4, and it ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is necessary to calculate their tax liability. This is because the income tax slabs ...

President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage ...

Taxpayers are worried about the delay in getting tax refund in 2025. Expert said - Refunds are getting stuck due to delay in ...

The new bonus deduction is available for taxpayers aged 65 or older that itemize their deductions. Single filers will receive $6,000 and for married-filing-jointly couples, $12,000 if both spouses are ...

Budget speech, Finance Minister Nirmala Sitharaman shared big news. Under the new regime, if you earn up to Rs 12 lakh, you ...

ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income. The new regime is now the default, requiring ...

These are some of the key tax changes in President Donald Trump’s “big beautiful bill” and how it compares to current law.

President Donald Trump signed a sweeping piece of legislation that includes several of his campaign promises, including no ...

As a result, the new $6,000 deduction is stacked on top of both the regular standard deduction — $15,750 for single filers or ...

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by ...