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6 mins read
Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000
More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…
3 mins read
Govt. offers relief on long-term capital gains for real estate, allows investors to choose between old and new LTCG regime
Indexation allowed investors to factor in the impact of inflation on their investment over the year…
3 mins read
5 popular deductions you can claim under Section 80C in 2023-24
Among all the different sections that provide deductions under the old tax regime, 80C is the most …
2 mins read
Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief
The income tax rebate limit available for salaried and individual taxpayers under the new income ta…
ANI
2 mins read
How to check TDS, dividend income, and income tax refund using the AIS for Taxpayers app
The Income Tax (IT) department recently launched a new application for mobile users that allows tax…
2 mins read
How to download the new Annual Information Statement
The new AIS includes additional information related to dividend, interest, mutual fund transacti…
4 mins read
SVB solution ensures taxpayer dollars are not put at risk: President Biden
The US President, Joe Biden, assures the American people and businesses that a resolution of the co…
PTI
3 mins read
3,500 student-loan borrowers got $109 million in debt wiped out after being 'cheated' by their schools. Top Democrats want relief for taxpayers, too.
After student-loan borrowers from Ashford and University of Phoenix got debt relief, leading Democr…
Ayelet Sheffey
4 mins read
A boomer with $50,000 in student loans voted for Trump in the last election. But with Biden's new repayment plan blocked, she's considering supporting a Democratic ticket.
Rebecca Hill, 61, is an independent voter who supported Trump. But GOP lawsuits blocking the SAVE s…
Ayelet Sheffey
2 mins read
Opted for the new tax regime? Here are the allowances and deductions you can still avail
Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…
3 mins read
A millennial dentist with $231,000 in student debt is worried he'll have to sell his home or get a second job if Biden's new repayment plan is axed
David, 30, isn't asking for student-loan forgiveness. He's just asking for affordable monthly payme…
Ayelet Sheffey
2 mins read
8 million student-loan borrowers on Biden's new repayment plan don't have to make payments after a federal court blocked the program in full
A court blocked the SAVE student-loan repayment plan. All 8 million impacted borrowers will be plac…
Ayelet Sheffey
3 mins read
The new Air Force One won't fly until 2026 years after the military Boeing 747 was supposed to first take flight
The first flight of the next-generation Boeing 747-8i — set to replace the old 747-200Bs firs…
Taylor Rains,Jake Epstein
1 min read
Govt to withdraw disputed direct tax demand of up to ₹25,000 till FY10; ₹10,000 for FY11-15: FM
, The government has proposed to withdraw old disputed direct tax demands of up to Rs 25,000 till F…
PTI
2 mins read
New transport minister gave nearly £10,000 of taxpayer cash to unnamed business through MPs expenses
Karl McCartney, the Conservative MP for Lincoln, has claimed more than £40,000 of expenses for work…
Henry Dyer
13 mins read
Nickelback, Chris Brown, and other stars scored $200 million in taxpayer funds meant to keep arts groups afloat during the pandemic. They won't say what they did with the money.
The SBA's SVOG grants were intended for struggling small artists. But big stars like Post Malone an…
Katherine Long,Jack Newsham
2 mins read
New York and other states are using AI to hunt down wealthy remote workers and demand more tax
New York and other states are using AI-generated letters to challenge wealthy remote workers who ar…
Mikhaila Friel
2 mins read
Taxpayers’ Charter — What the Income Tax department expects from you and what it promises in return
Prime Minister Narendra Modi launched India’s new taxpayer charter today with the hopes that more t…
2 mins read
Trump's camp is trying to force Ron DeSantis to resign and formally declare a 2024 run, accusing the governor of 'taxpayer-funded globetrotting'
Trump's team says that if DeSantis wants to campaign full-time, he needs to abide by Florida's resi…
Aditi Bharade
2 mins read
Boeing's new Air Force One jets are so late that the old ones may need to keep flying until 2028, costing taxpayers $340 million: report
Boeing is up to four years behind schedule due to supply chain shortages, labor problems, and quali…