New Delhi: If your savings account maintains a high balance despite low expenses, the Income Tax Department may ask you to ...

ITAT Kolkata held that gifts received from a brother-in-law are exempt under Section 56(2)(vii), as the relationship qualifies as relative for tax ...

If a death benefit is going to a dependant, like a spouse or minor children, then it can be paid as an income stream or as a ...

Explore our complete guide to how every state taxes retirement income — including pensions, IRA and 401(k) withdrawals, and ...

New IRS adjustments for 2026 quietly ease the tax burden, offering middle-class Americans bigger deductions and more credits.

The ACC investigation found that despite lacking registration, they collected Tk45.35 crore from 23 different entities ...

What will the extra lucky winner do with their $490 million Powerball Jackpot? The odds of winning the jackpot are 1 in 292.2 ...

Insiders say Reeves has opted against reducing tax-free pension lump sum withdrawals amid concerns that it would hurt pensioners. Retirees will still be able to take up to 25% of their pension—capped ...

Someone aged 55 who decided to take out their full lump sum allowance from a pension pot worth £500,000 and add it into a ...

The IRS refunded $311 billion to taxpayers in 2025—here’s how to cut your tax bill and keep more cash in your pocket next ...

Inheritance Funding reports inheritance advances aren't taxable in the US, serving as a financial lifeline for heirs facing ...

Trump’s One Big Beautiful Bill Act (OBBBA) specifically favors seniors, employees who earn tips and overtime and those with children. Here’s an example: Casey and Riley earn a combined income of ...