Here is a set of lesser-known Income Tax sections that are often overlooked by taxpayers. Exploring them before filing the ...

Starting July 1, tax on interest income will increase to 20%, a move the government claims is meant to “ promote equity and ...

When retiring early, married couples can use this little-known (and legitimate) strategy to take a six-figure income every year — tax-free.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

The daunting task of working out and paying inheritance tax must be done in the immediate and intense period of grief after a ...

Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of ITR forms ...

After excluding fleet and commercial vehicles and customers above the income cutoff, an estimated 3.5 million new vehicle ...

Public backlash is growing over parts of the Capital Market Efficiency Promotion Act (CMEPA), particularly provisions on taxing interest from bank deposits. And the Department of Finance (DOF) has ...

The Central Board of Direct Taxes (CBDT) has extended the last date to file income tax return from July 31, 2025, to September 15, 2025, for the financial year 2024-25. In the past, CBDT has asked the ...

The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

Type of annuity. An income annuity is a contract that produces only income. This type produces the most income because it ...

The Department of Finance clarifies that the 20% tax under CMEPA applies only to bank interest income, not to savings. The reform aims to fix unfair tax breaks for the wealthy and streamline ...