High-earning parents will soon be spared the hassle of filing a tax return to pay back child benefit. We explain what’s ...

Real tax reform would review taxes such as the GST, taxes on savings (including housing and super), and personal and ...

The IRS considers canceled debt, including most forms of student loan forgiveness or discharge, as taxable income. However, borrowers working toward loan forgiveness have been exempt from taxes ...

The added advantage of buying a life insurance policy is the tax benefits it offers, making it a smart financial choice. But how does it impact your taxable income in India?

which means you’re expected to pay taxes on taxable income year-round, not just when you file your tax return. That’s not a problem when you have taxes withheld from your paycheck, unless you ...

Federal income tax is a necessary evil, but residents in a few parts of the country don't have to pay state income taxes. Eight U.S. states don't impose any kind of income tax and one only taxes ...

The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to the discussions on the Finance Bill ...

Completing your taxes is tricky, especially if you file without the help of tax software or a tax preparer. It can get even ...

Learn what net income means for businesses and individuals, how it's calculated, and why it's a crucial financial metric.

Dividends are a portion of a company’s profits issued to shareholders and are taxable. Learn the dividend tax rate and what ...

Gross income is a fundamental financial measure that holds significance for both businesses and individuals. Whether analyzing company profitability or assessing an individual’s financial health, ...

It says if a property is rented out for 14 days or less in a calendar year, the income is tax free. "It started with the Masters Tournaments with golf course homes," said Mark Steber, chief tax ...