ITAT Mumbai rules on Section 36(1)(viia) deduction for banks, confirming it applies to total outstanding advances, including opening balances, citing High Court ...

It is tempting to think the budget conflicts in Washington today are something new and different from a dialogue going on for ...

Johnson County officials may be facing a financial rock and a hard place in the coming years.

As a 2024 candidate, Donald Trump promised to end the taxation of Social Security. Both the House and Senate versions of his "Big Beautiful Bill" would cut taxes for many Social Security beneficiaries ...

Your tax filing could look dramatically different after 2025 if new legislation passes. The bill would maintain lower tax ...

A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...

The Senate and House have introduced competing versions of the 'One Big Beautiful Bill,' each reflecting distinct fiscal ...

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

The Senate has proposed numerous changes to the "One, Big, Beautiful Bill" that the House narrowly passed. The Senate's ...

The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate ...

The property tax deduction is great for homeowners. Here's how it works in 2024 and 2025 and what you can do to save money.