Taxpayers are required to pay their income tax as per the New Tax Regime (NTR) from FY 2023-24 onwards after it became the default regime. This means that if you don’t opt for a specific tax ...
As an added bonus for generosity to local nonprofits, you might be eligible for a state-specific tax credit on your Arizona income taxes. “These Arizona tax credits are beneficial to taxpayers ...
Now that the holidays are over and 2025 is in full swing, it's time to start thinking about your favorite time of year — tax season! Okay, so maybe you're not all that excited about filing taxes.
IN the wake of a Rs356 billion shortfall in targeted revenues during the first five months of the current fiscal year, the government has introduced the Tax Laws (Amendment) Bill 2024, marking the ...
Although I think there is promise, this does not imply that taxes should be raised. The Mahama government will continue to be dedicated to eliminating specific taxes, the Finance Minister ...
Lyft (NASDAQ:LYFT) has sued the city of San Francisco for allegedly overcharging the ride-hailing platform $100M in taxes from 2019 to 2023. According to its lawsuit, the city government ...
Losses can also offset up to $3,000 of ordinary income annually. Unused losses carry forward indefinitely as per current tax rules. Beware of wash sale rules (as per the IRS cryptocurrencies are ...
The IRS will begin processing tax returns by around the end of January, but you can file even sooner to ensure your refund check is among the first to get processed by the Internal Revenue Service.
It happens every year. As December 31 creeps closer, taxpayers scramble for tax savings and wonder what they could have done differently to save during the year. One answer is an easy one—start ...
The filing window for this season's taxes is right around the corner: Jan. 27. You still have time before the 2025 tax filing deadline, but it's never too early to put Tax Day on your radar.
The reality of President-elect Donald Trump’s goal for mass deportations of undocumented immigrants is beginning to set in. Stephen Miller, Trump’s pick for deputy chief of staff, expressed ...
Some Americans could get a break on their state income taxes this year, with nine states kicking off 2025 with a reduction in their individual income tax rates, according to an analysis from the ...