Democrats are proposing eliminating all personal income taxes for working-class households making $70,000 or less a year, a cost that would be offset by a new oil surtax. The earned income tax credit ...

No income tax for those earning below $150,000. Commerce Secretary outlines the President's new tax initiative.

Commerce secretary said President Trump wants to revamp the tax system, drop income taxes for people making less than $150K. How would that affect MS residents?

The layoffs, which have been directed by the so-called Department of Government Efficiency (DOGE), led by billionaire and ...

One key contention was the computation of taxable surplus from the life insurance business. The assessee argued that the assessment was not in accordance with Section 44 and Rule 2, which should be ...

A new study from Princeton University warns that the repeal of IRA tax credits could decimate the growing EV manufacturing sector.

Milton Friedman was incorrect. About the negative income tax, specifically. The great Nobel Laureate (1912-2006) viewed a ...

Real GDP growth is projected to rebound to 1.4 percent y/y in 2025 and 2.7 percent y/y in 2026. Inflation is expected to remain within the target band.

Commissions do not affect our editors' opinions or evaluations. Picking the right tax software can mean the difference between a smooth refund process and a stressful filing season. To find the ...

Surprisingly, we can see that net investment income has consistently been negative since the fund's ... However, this income may come with some tax considerations that investors will need to ...

Commissions do not affect our editors' opinions or evaluations. When you fill out your annual federal income tax return, you can either take the standard deduction or itemize deductions to reduce ...

The income tax department is set to crack down on individuals and businesses ... in name of deductee and cases where companies have used sick units or arms with negative profit margin in their audit, ...