The IRS has released the inflation-adjusted tax brackets for 2025. See the new income thresholds, standard deduction amounts, ...

The ITAT held that the PCIT incorrectly invoked Section 263 to substitute the AO's plausible view, ruling that a business disallowance under Section 37(1) does not automatically become deemed income ...

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.

A jury found a developer over a low-income housing project who sued Florence County over the illegal blocking of the project proved by a ponderance of the evide ...

Tribunal dismissed assessee’s appeal, confirming that opting for Section 115BAA overrides 20% LTCG rate under Section ...

The Melbourne-based personal trainer, who shot to fame as the leading man in The Bachelor Australia's third season then built a lucrative business empire, is accused of failing to pay income tax by ...

Rachel Reeves is under pressure to break Labour’s manifesto pledge with a tax raid on the highest earners amid growing calls from within Labour to hit the wealthy. Ministerial sources have told The ...

LONDON, Oct 24 (Reuters) - Britain's ruling Labour Party remains committed to its pre-election tax pledges, including on income tax, minister Nick Thomas-Symonds told Sky News on Friday, ahead of next ...

Top Georgia Senate Republicans are committed to cutting or completely eliminating the state income tax. Proponents argue the cut would make Georgia more competitive with states like Florida and ...

Thousands of fixed-income seniors and disabled veterans may see less property tax relief from the state of Tennessee next year, as the state's relief program needs more than $10 million by next Spring ...

Giselle M. Cancio has over 10 years of editorial experience and content development in personal finance, education, travel, and sports. Her work has been published on NerdWallet, the Associated Press, ...

The vast majority of states don't tax Social Security benefits. The federal government does tax them, though. A handful of states don't tax any retirement income at all. Most states don't tax Social ...