If you've moved abroad, there's always one thing that brings you back home: taxes. Americans are subject to US taxes no ...

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

If your credit card issuer offers you rewards for making purchases, the IRS considers the rewards a rebate and not taxable income. If an issuer offers you bonus rewards with no purchase ...

After decades of working and contributing to the Social Security system, many retirees assume that the benefits they've earned are exempt from federal income tax — but unfortunately, that's not ...

By diversifying your retirement income sources to include some of these tax-free options, you can potentially lower your ...

Mayor Eric Adams on Monday made a last-minute push to cut income taxes for low-income New Yorkers as part of the upcoming state budget. Hizzoner’s “Axe the Tax” proposal would scrap New York ...

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?

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 ...

Typically, if your income is less than the standard deduction for your filing status, filing a return isn’t required.

The United States federal income tax is levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities. Federal income taxes for ...

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 ...