"I propose to rationalize tax deductions at source (TDS) by reducing the number of rates and thresholds about which TDS is deductible. Further, threshold amounts for tax deduction will be ...

You don't buy a house for the tax deductions. It's just a nice side benefit. And usually very much appreciated, considering all the extra expenses associated with homeownership. Here are eight tax ...

Macy Meyer is a North Carolina native who graduated from UNC-Chapel Hill with a BA in English and a second BA in Journalism. Macy is a Writer on the CNET How-To team, covering a variety of topics ...

This is the highest rate of tax you pay, and will depend on your total income. If you have savings split into more than one account, you may want to repeat this exercise to calculate the potential ...

The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the tax code, signed into law by President Donald Trump in his first term on Jan. 1, 2018. The Senate passed TCJA on Dec. 2, 2017 ...

Giulia Carbonaro is a Newsweek Reporter based in London, U.K. Her focus is on U.S. and European politics, global affairs and housing. She has covered the ups and downs of the U.S. housing market ...

Tax season officially begins Monday when the Internal Revenue Service (IRS) will begin accepting returns for the 2024 tax year, but taxpayers should be aware of deductions and credits that could ...

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns. So whether you’re in a rush to get your refund or just wondering how long you can postpone ...

If you find out someone left you a little something in their will, chances are you won’t need to pay an inheritance tax on it. There is no federal inheritance tax, and only five states have ...

A key economic priority for President Trump this year is to extend the provisions in his signature Tax Cuts and Jobs Act, a 2017 law that lowered tax rates for most Americans, before they expire ...

In 2017, the Goods and Services Tax (GST) was introduced, consolidating several central and state-level indirect taxes under the promise of a "Good and Simple Tax". Image: Freepik In a major ...