Key amendments introduced under the new tax regime for FY 2025-26 (AY 2026-27) 2. No Tax upto 12 lakh Enhanced Tax Rebate (Section 87A): The tax rebate under Section 87A has been enhanced and ...

The IRS has announced the new federal income tax brackets for both tax year 2024 and 2025. If you haven’t filed yet for 2024 or are already thinking about what your taxes might look like next year, ...

These deductions can lower your taxes and are available to taxpayers across various income brackets and situations.

Income tax is calculated based on your taxable income, which includes wages, salaries, business profits, and other sources of income. Deductions, exemptions, and credits can affect the final tax ...

After careful consideration, the government has still opted to increase VAT, but now only by 0.5%pts in 2025, and further 0.5%pts in 2026. This will bring VAT to 16% in 2026. To make up for the ‘lost’ ...

Wondering where's my refund? How to track refund or fastest way to file free? Here's IRS tax refund schedule for 2025, what ...

The Additional Child Tax Credit (ACTC) can provide significant financial relief for eligible families. If you meet the income ...

The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, in ...

How much it would raise: Once fully implemented, the state would raise more than $200 million per year, by taking a 20% cut ...

While refunds are up, the number of people who’ve filed already is down compared to 2024. The IRS has received 42.7 million ...