The Senate Committee on Finance argues that its proposal of changes to the bill "prevents the largest tax hike in history." ...

A person's ability to pay is more reflected in the income tax. And under new reform some Hoosiers will pay more there than in property taxes.

From choosing tax regime to cross referencing information through 26AS, salaried taxpayers must be aware of the points ...

Americans face a shortage of affordable homes. The mega tax bill championed by the Trump administration may shape housing affordability for years to come.

Treasury Secretary Scott Bessent insisted Thursday that tariff are not taxes, defying the widely accepted economic and financial definition of President Trump’s top trade tool. In an ...

The Republican tax and spending bill taking shape on Capitol Hill contains all sorts of new tax breaks — but if the bill becomes law, the challenge for everyday Americans may be understanding ...

Excise taxes apply to a single good, service or activity for a special reason. Examples include fuel, coal and alcohol.

Analysis-Trump Tax Bill Poses Limited Benefits, Higher Costs for Lower-Income Americans By David Morgan WASHINGTON (Reuters) -U.S. President Donald Trump's signature tax break on tips promises ...

Tax-free income ceiling to be raised by Tk25,000 to Tk3.75 lakh Minimum tax for individuals could rise from Tk3,000 to Tk5,000 Taxpayers in the 5% tax bracket will see their tax burden increase ...

This is money your company knows it must pay at some point in the future: the definition of a liability. On the other hand, say your company calculates its income tax expense at $10,000 ...

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

Filing income tax returns (ITRs) for the assessment year 2025-26 will be a bit different this time. The Central Board of Direct Taxes (CBDT) has issued all seven ITR forms. These now include some ...