By the end of January, approximately 1 million U.S. taxpayers will receive special payments of up to $1,400 from the IRS.
IMF predicts steady global growth but cautions against potential impacts of Trump's proposed economic policies.
Image Source : PTI/FILE PHOTO Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chairs the eighth pre-Budget consultation with the stakeholders and representatives from the trade ...
Budget 2025: Finance Minister Nirmala Sitharaman, in the Union Budget 2024, had proposed to revamp the Income Tax Act, 1961, to make it concise and easier to understand. It is expected that in the ...
Income tax slab: In Budget 2024, Finance Minister Sitharaman introduced key changes to the income tax slabs under the new tax regime to make them more attractive for taxpayers. Along with ...
The income tax system in India operates through a progressive slab structure. The amount of tax an individual pays is directly proportional to their income in a financial year. The system is ...
When Iowans complete their New Year's Eve countdown, the state will be ringing in not just a new year, but a new — and lower — income tax rate. On Jan. 1, 2025, Iowa's income tax will drop to ...
The last date for filing an Income Tax Return (ITR) for the financial year 2023-24 was July 31, and for those who could not, the time was for filing a revised ITR with late fees was December 31 ...
Dividend income tax rates depend on the dividend type, an individual's filing status, and taxable income. Dividends are taxed at the long-term capital gains or ordinary income tax rate.
Finance Minister Nirmala Sitharaman is set to present the Union Budget on February 1, 2025, with the salaried class eagerly anticipating potential adjustments to income tax slabs and rebates that ...
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Tax cuts will take effect in a number of states and localities on the first day of 2025. In North Carolina, for example, the state’s flat personal income tax rate drops from 4.5% to 4.25%.