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2 mins read

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and const…

Huileng Tan   


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1 min read

Direct tax collections rise 18% so far in current financial year

The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…

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6 mins read

Gross vs. net income: What's the difference?

Gross income and net income are two metrics investors can use to evaluate a company and review pers…

Melanie Lockert   


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5 mins read

Are medical expenses tax deductible? Generally yes, under 2 conditions

Inti St Clair/Getty Some medical expenses are tax deductible, under two general con…

Tanza Loudenback   


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1 min read

Direct tax collection grows 23.8% to ₹ 8.98 lakh cr till Oct 8

Direct Tax collection up to October 8 stood at Rs 8.98 lakh crore, which is 23.8 per cent higher th…

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3 mins read

It's pretty rare for Americans to claim negative income on their taxes like the Trumps did for 4 years between 2015 and 2020

Trump's tax return was one of just 5 million with adjusted gross income of under $1 in tax year 202…

Madison Hoff   


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4 mins read

Wall Street economists are getting fed up with the government’s inability to agree upon more stimulus

Morgan Stanley, Bank of America, Goldman Sachs, and JPMorgan have all lowered their fourth-quarter …

Ben Winck   


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5 mins read

GDP represents the sum total of a nation's output and income

Gross domestic product is a measure of the value of all goods and services produced in a country ov…

Melanie Lockert   


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7 mins read

Interest income from your investments is taxable - here's how to calculate what you owe and ways to lower it

Most interest income is taxable on both federal and state levels, and you pay taxes on interest inc…

Janet Berry-Johnson   


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5 mins read

What is real GDP? Understanding the tool economists and governments use to manage the economy

Real GDP (gross domestic product) is a measure of all the goods and services a nation produces, adj…

Ali Hussain   


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2 mins read

Fitch cuts Indian growth forecast to 0.8% for FY21 over Covid-19 disruptions

Growth is, however, expected to rebound to 6.7 per cent in 2021-22. The rating agency pred…

PTI   


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2 mins read

Want to save income tax? Here are all the charitable institutions where you can donate to and save tax

With only 6 months left to file the income tax return, people are desperately looking for options t…

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2 mins read

2 charts show how much presidential candidates since 2011 paid in federal income tax — and it's way more than Trump's reported $750

The New York Times reported that President Donald Trump paid just $750 in 2016 and 2017, much less …

Madison Hoff   


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5 mins read

Backdoor Roth IRA: Understanding the loophole that gives high-income earners the tax benefits of a Roth IRA

A backdoor Roth IRA is a completely legal strategy for high-income taxpayers to avoid the Roth's in…

Amena Saad   


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3 mins read

FY21 gross state borrowings to touch Rs 7.8 L cr on covid crisis

Additionally, the FY21 estimate of gross tax revenue of the Centre at Rs 24.2 lakh crore is also li…

PTI   


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2 mins read

Billionaire investor Carl Icahn defends himself after ProPublica says he paid no federal income taxes on $544 million declared

The Icahn Enterprises boss said his taxable income was zero in 2016 and 2017 because his investment…

Theron Mohamed   


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1 min read

Vodafone Idea posts Rs 6,439 crore loss - and half of that is interest payments

Finance costs of the company surged almost 30 per cent to ₹3,722.2 crore, while depreciation wen…

PTI   


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5 mins read

How to apply for an income-driven repayment plan if your student loans are crushing you

Writing for Business Insider last month about why she elected to dip into her savings rather than a…

Alexis Rhiannon   


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2 mins read

Democrats want people who lost income to file their taxes early so they qualify for more relief, including bigger stimulus checks

The next round of stimulus checks will likely be based on 2019 or 2020 income. If you want your 202…

Joseph Zeballos-Roig,Tanza Lo…   


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1 min read

The 10 highest-grossing superhero franchises in the US

It's safe to assume that most superhero films make an insane amount of money at the box office, con…

Amanda Luz Henning Santiago