Union Budget 2025: Last year, Sitharaman in her budget speech proposed a new tax structure under the new income tax regime. Finance minister Nirmala Sitharaman will present the Union Budget on ...

There is a compelling case for this move: tax relief announced in the budget in July last year offered minimal benefits to low-income groups and, when adjusted for inflation, worsened the ...

During the Budget 2024 speech, Union Finance Minister Nirmala Sitharaman announced that the income tax law will undergo a comprehensive review. The finance minister asserted that a comprehensive ...

The tax ombud’s survey will collect information on eFiling profile hijacking. The Office of the Tax Ombud (OTO) has called on taxpayers to participate in a survey about their experience using ...

Sure, the IRS can mail your refund as a paper check, but direct deposit is faster and safer, the IRS says. Here's how it works.

Every year in January, the IRS dedicates a day to Earned Income Tax Credit (EITC) awareness. This tax credit, also known as the earned income credit (EIC) allows eligible people with low-to ...

No one enjoys paying taxes, but some states make it a far easier process than others. Whether allowing access to the IRS Direct File system or having low tax burdens (the amount of a taxpayer’s ...

Need a break? Play the USA TODAY Daily Crossword Puzzle. Earned Income Tax Credit: If you earned little money last year, you may be able to claim this credit. If you are filing as a single ...

Thankfully, more taxpayers are eligible to file their taxes for free this year thanks to the expansion of the IRS' new Direct File program alongside its long-standing (but income-capped ...

Living in one of these states that don’t tax retirement income may sound exciting. Not only could you pay fewer taxes in retirement, but you may save by not paying any state income tax.

Key proposals include reducing the corporate income tax rate from 21 per cent to 15 per cent, a call he repeated on Monday during the speech to House Republicans. Additionally, Trump aims to ...