If the thought of an audit has ever given you chills, knowing the facts about them might help take the edge off. Thomas is a native of upstate New York and a graduate of the University at Albany.

The 2025 tax filing season will begin Monday, Jan. 27, the Internal Revenue Service announced earlier this month. The agency said in a statement it expects more than 140 million individual tax ...

For a closer look at the power of these orders and their limits, Amna Nawaz spoke with Andrew Rudalevige, professor of government at Bowdoin College and author of "The New Imperial Presidency.” ...

The current limit of 80 milligrams per 100ml of blood was set in 1967 and is roughly equivalent to two pints of lager One pint could put motorists over the drink-driving limit if the Government ...

The most critical aspect of the budget will be any announcement regarding the income tax rebate. There is growing debate to increase the basic exemption limit in both old tax regime as well as new ...

A special tax dispensation may be considered to encourage ... year's level with a focus on keeping borrowing within reasonable limits. Vidita Kochar, Co Founder, Jewelbox said the gems and ...

The Supreme Court today issued notice on a petition raising the issue as to whether the age of 'majority' - for males - when computing limitation period for filing a petition seeking annulment of ...

“Given the rising healthcare costs and the need for higher sum insured cover, the government should reduce tax burden by increasing the limits under Section 80D of income tax for premium paid ...

But the nicotine limit doesn't apply to vaping products, nicotine pouches such as Zyn, hookahs, or premium cigars. The public can comment on the proposed rule through Sept. 15, which the agency ...

Further, for homebuyers, one of the most expected reform is the increase of tax deduction limit in home loan interest rates to Rs 5 lakh from current Rs 2 lakh. Kirthi Chilukuri, Founder & MD of ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The IRS issued proposed regulations (REG-118988-22) providing guidance on Sec. 162(m)(3)(C), added by the American Rescue Plan Act of 2021 (ARPA), P.L. 117-2, that expands the Sec. 162(m) annual ...