Donald Trump proposes eliminating federal income tax, aiming to shift the financial burden from citizens to foreign nations.

The U.S. House of Representatives on Thursday passed a budget plan that lays the groundwork for extending President Donald ...

Social Security benefits are not taxed in Maine, representing a major benefit for retirees in the state. Medicare premiums ...

Bracket creep means the average tax rate will increase by about 4% over the next decade. But a low wage earner on $45,000 will see a jump of almost 7%.

To calculate your effective tax rate, you need two numbers: the total amount you paid in taxes and your taxable income for ...

Paying taxes is something you might assume you’ll only have to do as an adult. But it’s helpful for teens to know what their tax responsibilities are when earning money.

South Carolina’s new proposal for a flat income tax, H. 4216,  seems to be on the fast track for what is billed as a tax cut.

Now for the circuit breaker credits, which cap tax bills at a percentage of gross assessed value. The caps are 1% for owner-occupied homes, 2% for rental housing and farmland, and 3% for everything ...

Indiana property taxes are complicated. Each spring, the county treasurer reminds us just how complicated it is, by mailing form TS-1, “Taxpayer and Property Information.” Its ...

ITAT Jaipur held that reasons recorded for selecting case for scrutiny never mentioned that case was selected for limited scrutiny hence approval for conversion not required. Matter remanded to CIT (A ...

Cost to Company (CTC) includes various components such as basic salary, allowances, PF contributions, gratuity, and other ...

April is the month when your employer asks you to choose between the old and new tax regime for TDS on salary for FY 2025-26.