In Form 16, if you have opted for the new tax regime for FY 2024-25 (AY 2025-26) for TDS on salary, you will receive a higher amount of Standard Deduction from your salary when your employer ...

Both the Senate and House versions of the massive tax bill include a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000. But there are income limits.

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

Guaranty Trust Bank (GTBank) says it will begin the deduction of Unstructured Supplementary Service Data (USSD) fees from the airtime balance of its customers from June 18.

The ‘SALT’ deduction is still in limbo as Senate Republicans unveil key tax details of President Donald Trump’s spending package. Here’s what to know.

·Source: Getty/Supplied If you drive for work, there’s a $4,400 tax deduction up for grabs that could boost your tax refund by thousands of dollars — without even keeping a log book, but most Aussies ...

A new, $4,000 "bonus" deduction would be available for those age 65 and older who fall within set income limits, under the House GOP mega-bill that passed May 22 by a single vote margin.

The House GOP’s ‘One Big Beautiful Bill Act ’ would raise the federal deduction limit for state and local taxes, also known as ‘SALT.’ If enacted as proposed, the limit would jump from ...

“I just want to reassure the membership that we are making the biggest push that we can,” Lauridsen said. Additional resources: 2025 AICPA tax reform advocacy homepage. State and local tax advocacy ...