many wonder if LTA exemption still applies if they choose the new tax regime. Let's clear that up. From April 1, 2025, the new tax regime has become more appealing. It offers zero tax on income up ...

1. Standard Deduction The benefit of the standard deduction is available in the new tax regime for salaried employees and pensioners. This deduction was ₹50,000 for FY 2023-24, which has been ...

simplifying the tax code. New tax breaks for such items as auto loan interest sound good but would require people to keep track of more paperwork and fill out longer tax forms — the opposite of ...

“The One Big Beautiful Bill has stalled — and it needs wind in its sails,” New York Representative Nick LaLota posted Saturday on X. “Allowing the top tax rate to expire —returning from ...

HUNTINGTON — A new Sales Tax Increment Financing (STIF) district has been created in downtown Huntington to put revenue generated from economic development back into new infrastructure and growth.

A plan for a hefty new tax on university endowments was crafted to target “woke” schools, lawmakers said. But a small Kansas college and a Texas medical school might also be hit. By Stephanie ...

It will also bring massive tax increases — in excess of 60% — to many residential properties that don’t qualify for a new “homestead” exemption aimed at reducing the tax burden on ...

HANDLING THOSE COSTS. WELL, A NEW TAX CUTS TO OTHER STATE SERVICES. THESE ARE THINGS THAT ARE NOW BEING TALKED ABOUT HERE AT THE STATE CAPITOL. AS SOME LAWMAKERS TRY TO CONTINUE PROVIDING HEALTH ...

The new laws increase business and occupation (B&O) tax rates; expands the state’s sales tax to include companies providing digital services; and raises a computing surcharge on companies such ...

New York is expanding its child tax credit. The state passed the expansion as part of the budget process, which just wrapped up earlier in May. To get the credit, you need to have been a full-year ...

The Jacksonville Jaguars have a new regime in town. New general manager James Gladstone and head coach Liam Coen have been pretty clear that they are bringing a fresh perspective and new attitude ...

Tipped employees like waiters and hairstylists would be able to claim a new tax deduction for tips through 2028, as could workers who are paid overtime wages. The bill would also allow people to ...