Key Points Long-term capital gains are taxed more favorably than short-term gains. If you can reduce your income enough, you ...

Learn how taxes on interest income work, how to report it on your taxes, and which interest income is taxable. Get the full ...

Starting April 1, 2025, the Income Tax Department could gain legal authority to access social media, bank accounts, ...

Importantly, retirees that owe tax on Social Security income must make quarterly estimated payments to the Internal Revenue ...

During President Donald Trump's successful campaign bid last year, he proposed eliminating individual income taxes for all ...

The legislation endorsed by the House also would require Missouri to have the same standard deductions as the federal ...

Only a few U.S. states currently do not levy personal income taxes. Donald Trump, however, has floated the idea of eliminating income taxes for all Americans.

An assessee may be required to file one of several forms of income tax returns, contingent on the type and source of their income. Different forms (ITR-1, ITR-2, ITR-3, etc.) have been developed by ...

The new provision falls under Clause 247 of the Income Tax Bill, granting officers legal access to virtual digital spaces to ...

The income from the transferred asset is added to the taxable income of the transferor and taxed at their applicable slab ...

The new income tax bill introduced by Finance Minister Nirmala Sitharaman allows tax officials to access all the taxpayers' ...