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4 mins read

The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says

Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …

Juliana Kaplan,Ayelet Sheffey   


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3 mins read

Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme

With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…

PTI   


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3 mins read

Decoding Form 16: How do you file your taxes if you don't get Form 16?

While you can still download Form-16, there's another, manual way to figure out your tax liability.…

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6 mins read

Union Budget 2024: A handy FAQ guide to decode the upcoming budget

​​​Weeks before the budget presentation, the finance minister also meets representatives from vario…

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3 mins read

Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist

Note that unless you specifically opt for the old regime, the new tax regime is considered as your …

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2 mins read

Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman

According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…

PTI   


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1 min read

Govt may relax 45-day payment rule for MSMEs in Budget 2024

According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…

PTI   


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3 mins read

A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households

The HOMES Act would cap rent at 25% of tenants' incomes, and offer homebuyers affordable mortgages.

Eliza Relman,Juliana Kaplan   


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1 min read

Profit of public sector banks expected to decline by 0.6 percent QoQ : Motilala Oswal

As the earnings season for the second quarter of FY25 unfolds, public sector banks (PSBs) are expec…

ANI   


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2 mins read

Oregon lawmakers oppose a corporate tax hike to fund a $1,600 annual universal basic income. But voters will decide.

A bipartisan coalition of Oregon lawmakers is fighting a ballot measure that would hike corporate t…

Katie Balevic   


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4 mins read

From ALICEs to HENRYs, here's what people across the tax brackets discuss in therapy

Therapists shared what their clients talk about with Business Insider. While ALICEs struggle with t…

Serafina Kenny   


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5 mins read

8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax

Some of these strategies allow investors to completely avoid paying taxes on their gains.

Laila Maidan   


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2 mins read

New business owners could get a $50,000 tax deduction under Kamala Harris's plan

Kamala Harris's next big economic proposal hinges on making it easier for you to start a small busi…

Juliana Kaplan   


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3 mins read

Attention! Here's what's changing with your PPF, F&O trading, and buybacks, starting today!

The interest rates on various small savings schemes were left unchanged by the Finance Ministry for…

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2 mins read

Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024

As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…

ANI   


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2 mins read

Americans living overseas face being taxed twice. Donald Trump wants to change that.

Donald Trump takes aim at the "double taxation" policy for Americans living overseas, which was int…

Theron Mohamed   


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2 mins read

IT department declares 363 as cost inflation index for current fiscal

The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…

PTI   


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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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2 mins read

New parents could get $6,000 for the first year of their child's life and a restored child tax credit in Kamala Harris' new economic plan

Vice President Kamala Harris is proposing tax cuts for new parents and working families as she gear…

Ayelet Sheffey,Juliana Kaplan   


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4 mins read

Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid

Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…

Ayelet Sheffey