More tax provisions of 'One Big Beautiful Bill'
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Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ACCESS Newswire / July 16, 2025 / With the IRS expanding its data-matching capabilities through advanced systems like the Information Returns Processing (IRP) platform,
(The Center Square) – A Georgia Senate committee will study ending the state sales tax. Lt. Gov. Burt Jones, who launched his gubernatorial bid last week, said Thursday the Senate Special Committee on Eliminating Georgia’s Income Tax will hold its first meeting later this summer.
Thousands of UK workers will be able to keep digital income tax records throughout the year from April, if they reach a certain threshold. The measures, which apply to eligible parties with an annual income of at least £50,
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Raw Story on MSNCNN host forces GOP lawmaker to admit he voted for tax hike in Trump's billA Republican congressman was forced to admit that he had voted for President Donald Trump's budget bill containing a provision that he now wants to repeal. The One Big Beautiful Bill Act contains a tax increase for gamblers,
The new Income Tax Bill is expected to be passed in the Monsoon session of Parliament. Lok Sabha's select committee -- examining the Income Tax Bill 2025 – has made 285 suggestions. It is expected that the bill will be in force from next financial year.
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Newspoint on MSNIncome Tax Notice Doesn’t Always Mean Tax Evasion — Here’s What It Could Actually IndicateReceiving a notice from the Income Tax Department can make any taxpayer nervous. But experts say — a tax notice doesn't always mean you're in trouble or guilty of tax evasion. In fact, there can be multiple reasons behind it,
Start by choosing the right form. For instance selecting ITR-1 when ITR-2 was the relevant form, will be seen as trying to conceal income that you ought to have disclosed in ITR-2.
Senior citizens can maximise tax savings in FY 2024-25 through key income tax provisions like Section 80TTB under the old tax regime, offering higher deductions on interest income.
It pays to know the complex tax rules before rushing to buy or lease an electric vehicle or plug-in hybrid vehicle before credits expire Sept. 30.