Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakhs in a financial year.

When creating Microsoft Excel formulas, you can generate calculations using specific values—also known as hard-coding—or ...

Luckily, we have compiled everything you need to know about tax credits for your new or current electric vehicle ... is unfortunately not the case. For example, if you purchased a Tesla Model ...

People who save for emergencies, to buy a home, start a family or business, or for any other reason are subjected to their savings being taxed after they’ve already paid income tax on their earnings. ...

By Andrew Duehren Maggie Haberman and Alan Blinder Harvard University signaled Friday that it would resist President Trump’s renewed threat to revoke the school’s tax-exempt status ...

MANILA, Philippines — The government has generated P932 billion in tax revenues in the first quarter as the Department of Finance (DOF) maintained that current collections remain sufficient to ...

Excise tax for missed RMDs: The excise tax rate on excess accumulations ... they have the least amount of gain (or a larger loss). Some examples of property qualifying for only a partial marital or ...

Retirees are wise to follow news about income taxes very closely. The threat of Joe Biden’s proposed 82,000 armed IRS tax collection enforcement agents is now officially gone, and thousands of ...

Therefore, residents will no longer pay this tax starting with the current tax year. Washington levies a 7% income tax on capital gains exceeding a certain threshold ($270,000 for the 2024 tax year).

Ms Reeves also plans to hike the current tax applied to pop, after concluding that the current rate isn’t doing enough to dissuade sweet-toothed shoppers. The Treasury published a consultation ...

Shoppers are not expected to feel a big pinch, since the new taxes replace the current tax of the same amount. Several other major communities around the state have done the same, including Peoria ...