Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

Tax season started on January 27, bringing taxpayers a key choice in whether to itemize their deductions or take the standard deduction.

California’s state budget is inordinately dependent on taxing the incomes of wealthy residents. CALmatters is a public interest journalism venture committed to explaining how California's state ...

California’s state budget is inordinately dependent on taxing the incomes of wealthy residents. Gov. Gavin Newsom’s proposed 2025-26 budget assumes that the state will receive $133.7 billion ...

This budget is highly anticipated, with particular focus on potential changes to income tax structures and standard deductions that could impact salaried individuals and the middle class.

California’s state budget is inordinately ... The change, part of a much larger overhaul of tax policy, limited deductions for state and local taxes — SALT in the political vernacular ...

Click to share on X (Opens in new window) Click to share on Facebook (Opens in new window) Click to print (Opens in new window) Click to email a link to a friend (Opens in new window) California ...

When the rich are getting richer, California sees multi-billion ... The change, part of a much larger overhaul of tax policy, limited deductions for state and local taxes – SALT in the political ...

This story is part of California Voices, a commentary forum aiming to ... The change, part of a much larger overhaul of tax policy, limited deductions for state and local taxes – SALT in the political ...

Small or retail investors often invest in bonds to earn predictable returns. TDS affects them by interrupting cash flow and complicating filing requirements Budget 2023 introduced a 10% tax ...