Knowing which expenses your LLC can deduct is fundamental to maintaining healthy business finances. Every legitimate business expense you properly document and deduct reduces your taxable income, ...

The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there were seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

Rachel Reeves is reportedly considering raising income tax in her Budget next month in what would be a major break of one of Labour’s main manifesto pledges. Sources have told The Guardian that she ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

As 8th Pay Commission is under discussion, many government employees are searching how much the basic salary and their House Rent Allowance (HRA) will increase. Under the previous (7th) Pay Commission ...

The alternative minimum tax represents one potential caveat to the widespread and, mostly, correct belief that the One Big Beautiful Bill Act cut everyone's payments to Uncle Sam. Below are five key ...

Sir Tony Blair believes the top rate of income tax should be cut to below 40 per cent, putting him at odds with Sir Keir Starmer and Rachel Reeves. As the Chancellor prepares to increase taxes yet ...

Why are we asking for donations? Why are we asking for donations? This site is free thanks to our community of supporters. Voluntary donations from readers like you keep our news accessible for ...

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday extended the deadline for filing the income tax returns for the 2025 tax year by 16 days. The notification stated that the income tax ...

The Federal Board of Revenue (FBR) on Wednesday announced that the October 15 deadline for filing income tax returns will now be extended to October 31. A notification issued by the revenue board read ...