Vivek Ramaswamy is proposing to eliminate the state income tax in his bid to be governor of Ohio, which is one of only 15 ...
The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...
The Government has further amended the new tax regime to reduce the taxes, especially keeping in focus the middle class. The article relates to reform introduced in personal income tax in Budget 2025.
The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...
With the Republican-controlled Congress moving forward with President Donald Trump's call to extend the 2017 individual tax ...
It sounds wonderful — no more income taxes sapping your paycheck. And it could be, depending on what replaced them. “Individual income taxes make up roughly 50% of the federal government’s ...
As the April 15 filing deadline looms, the Internal Revenue Service reminds taxpayers that after three years, any unclaimed ...
The North Carolina Department of Revenue is now processing 2024 individual income tax returns. Taxpayers will begin receiving ...
If you're a high-income earner, you may be subject to the Additional Medicare Tax, a 0.9% tax on earnings that exceed ...