The Income Tax Department has introduced an online calculator for taxpayers to compare their potential savings under the newly default New Tax Regime, effective April 2025. The initiative aims to ...

President Donald Trump met with Republican lawmakers to discuss budget priorities, proposing to end carried interest. On the ...

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

Also, note that employers are required to send employees their W-2 and 1099 income tax forms by the end of January. When is the deadline for filing a 2024 tax return with the IRS? The official ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

In special situations, you may have to file regardless of your income ... to file taxes. If you earn at least that much, you pay self-employment tax. Capitalize on high interest rates: Best ...

Tax season has officially begun, as the IRS is now accepting 2024 federal tax returns as of today, Monday, Jan. 27, 2025. Today also marks the first day taxpayers can use Direct File to submit ...

The reason? An increasing focus on interest income, or carry in industry parlance. Strong inflows into credit funds have compressed spreads—the premium for buying corporate debt rather than ...

Your payday could get a bump this year now that the Internal Revenue Service's updated income tax brackets and higher standard deductions have taken effect. Depending on your income level ...

and interest income is also ordinary income taxed at marginal (ordinary) tax rates. Ordinary income comes in two forms: personal income and business income. Personal ordinary income can be defined ...

Enter your annual pre-tax ... income tax, student loan, pension contributions and other salary deductions also come out of your take-home pay (depending on which are applicable). The calculator ...

HDFC Bank on Wednesday (January 22, 2025) reported third-quarter profit largely in-line with analysts’ estimates, helped by an increase in net interest income (NII). The country’s biggest ...