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Expert suggests cutting personal income tax to ease financial pressure
The current progressive personal income tax (PIT) list has seven brackets, with rates from 5 percent to 35 percent. Experts have suggested reducing it to five brackets, with the highest rate capped at ...
What is Section 80G and how does it help save income tax under the old tax regime?
By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...
WENY News15h
PA Tax Credit/Deductible Options for Individual Income Filers
That April 15 tax deadline is coming fast. We’ve got a few tips on what's available for anyone filing an individual income ...
16 last-minute 1099 tax deductions for independent contractors
NEXT explains that if you're an independent contractor, it's your job to pay taxes on your own—and you'll want as many 1099 ...
‘Substantial tax savings:‘ 10 accountants reveal the tax credits and deductions Americans too often miss
“There are two valuable credits that the IRS reports one out of five people miss every year. The Earned Income Tax Credit is ...
Got your first job? Here are some tax tips for first time filers
The deadline to file your taxes is less than a month away, and if you’re doing them for the first time, you might be feeling ...
IRA Rules at a Glance: Contribution Limits, Income Limits and Rollover Options
Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance.
Taxpayers told to update returns on political donations before March 31
Ahmedabad: The income-tax department has sent messages to thousands of taxpayers who had claimed deductions for donations to ...