The Gujarat High Court quashed CBDT’s rejection and condoned delay in Sysco Industries’ income tax return filing, holding that insolvency and fire caused genuine ...

A new law provides a $6,000 extra deduction for taxpayers 65 and older. Learn who qualifies, the income limits, and how to ...

ONCE you hit 30 and bills start stacking up, it’s easy to think your chance of ever having a six-figure bank balance is done.

Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra ...

Those residents, who purchase coverage through the state exchange, would face average premium increases of 89% in Sonoma ...

Gujarat High Court held that assessment order passed under section 147 of the Income Tax Act without granting opportunity of personal hearing is not tenable. Accordingly, the order is quashed and ...

The Canadian federal budget for 2025, titled Canada Strong, introduces several measures designed to tackle affordability ...

Despite recording an increase in the number of tax filers and achieving a notable rise in the tax-to-GDP ratio, Pakistan's taxation system remains riddled with structural weaknesses and chronic ...

Sir Keir Starmer and Rachel Reeves will face a cabinet backlash if the chancellor breaks Labour’s manifesto pledge and raises income tax in the Budget later this month.

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...

The clock is ticking on year-end tax planning. Here are some steps to take now to lower your tax bill before filing next spring.

The rule has limitations, and the IRS has yet to provide clear guidance on how companies should report qualified overtime compensation.