During the campaign, President Donald Trump floated an "all tariff policy" he said would replace federal income tax. Here's ...

The Union Cabinet is expected to approve the new Income Tax Bill, potentially leading to its introduction in the Lok Sabha ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable income without taking a pay cut — from putting more into retirement to ...

Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.

This year, 39 states had notable tax changes, with some that began on Jan. 1, and others set to take effect on July 1. Nine of these states cut their individual income tax rates for 2025. The most ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Final passage came on a 34-3 Senate vote to lower the tax to 3.5% from 4% at the start of 2026. The bill goes to Democratic ...

Apart from tax relief provisions, the bill may introduce several structural and linguistic reforms. Such as replacing the term “Assessment Year” with “Tax Year”, eliminating British era references ...

As part of his economic agenda, President Donald Trump has proposed eliminating federal income taxes as a way to make the ...