Donating to charities offers tax benefits under Section 80G of the Income Tax Act. The Income Tax Department has clarified rules for these deductions. Taxpayers can claim benefits for donations to ...

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.

The Central Board of Direct Taxes (CBDT) is holding detailed talks with tax experts, industry representatives and income tax ...

This article originally appeared on PolitiFact. President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

One of New York City mayoral nominee Zohran Mamdani’s campaign promises has been to increase taxes on the wealthy and use that revenue to fund the ambitious social programs that make up his campaign ...

With the GOP’s “big, beautiful bill” headed to President Trump’s desk for signature Friday, wealthy Americans are poised to receive significant tax breaks partly offset by steep cuts to social welfare ...

Congressional Republicans just passed President Trump’s sprawling domestic policy bill that extends and expands tax cuts, while slashing Medicaid, food benefits and clean energy initiatives to pay for ...

Many provisions of President Trump’s signature Tax Cuts and Jobs Act from 2017 are set to expire at the end of 2025. Three economists break down the fiscal impact of the cuts for individuals and ...

The House passed a budget bill proposing federal spending cuts, tax cuts, and increased funding in certain areas. The bill includes a proposal to eliminate federal income tax on overtime pay. The bill ...