A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

Under the new tax cut, workers can deduct up to $25,000 in tips and $12,500 in overtime pay from their taxable income on ...

A detailed look at the tax benefits available to individuals aged 60 and above for the financial year 2024-25.

Taxpayers should make only eligible claims as any discrepancy could lead to significant penalties and even legal action.

They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

Nevada, has introduced a bill to fully restore a tax deduction for bettors that was reduced in the federal budget bill.

Ensure that you choose the right form, do not omit any source of income and claim deductions only if you can furnish proofs ...

As an eBay seller, you receive payments for your goods and services through eBay. As an online marketplace, eBay is required to send a 1099-K tax form detailing these payments to the IRS and to you if ...

A new tax cap on gambling loss deductions could raise high rollers' expenses and push gamblers toward prediction markets and ...

The tax deduction for seniors introduced by the Trump administration is set to expire in 2028, impacting millions of Social ...

Labor advocates say President Trump’s big promise to end tax on tips has morphed into a more complicated policy reality, and ...

Income Tax Department has released new ITR forms for FY 2024-25, but delays in key utilities like ITR-2 are causing concern ...