Income Tax Department Warns Against Excessive Cash Transactions, Promotes Digital Payments To Avoid Heavy Penalties
Department has warned against excessive cash transactions and violations would trigger heavy penalties upto 100% for cash ...
Trump promised to cut tax on tips. That’s trickier than it sounds
Cindy Kramer, 38, works well over 60 hours a week juggling four different jobs in Staten Island, New York, to support her child and make ends meet. Two of those jobs are bartending.
Tax bracket changes could mean your paycheck is slightly bigger in 2025 — here's what to know
The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.
Missouri Republicans want income tax cuts. But services could be taxed instead under plan
Missouri residents may soon pay a flat 4% state income tax, under a plan advanced by Republican lawmakers who want to ...
Number Of Flat And Zero Income Tax States Grows As 2025 Begins
The trend of states moving toward lower and flatter income tax rates has continued apace in 2024, is poised to persist into ...
Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day session
Kentucky’s Republican-dominated legislature has convened to start a 30-day session that's expected to include action to ...
How to reduce your tax bill as self assessment deadline approaches
Whether you run a business or are self-employed, "effective tax planning can significantly reduce your tax obligations", said ...
Income tax slab for AY 2025-26: Which is better, the old tax regime or the new tax regime?
Finance Minister Nirmala Sitharaman’s Budget 2024 modified income tax slabs, favouring the new tax regime. The old regime, ...
Italy PM says wants to focus on tax cuts for middle income earners
Italy's government intends to promote tax cuts to help middle income earners this year after focusing initially on people ...
Iowa's income tax rate is dropping on Jan. 1. Here's how much and what that means:
Iowans may begin to see some changes right away in 2025 as employers withhold less money from their paychecks to account for ...
India to Simplify Decades-Old Income Tax Filing Rules in Budget
India’s government plans to simplify its income tax filing rules to make it less tedious for taxpayers to comply with the law ...
Canada's income tax thresholds have increased — here's how much you'll pay this year
Canadians' federal income tax bracket has changed slightly this year, according to the Canada Revenue Agency (CRA).