Roth IRAs are a popular retirement savings and investment tool, especially for those expecting to be in a higher tax bracket ...

Kentucky's Republican-dominated legislature has convened to start a 30-day session that's expected to include action to ...

The IRS in October announced the federal income tax brackets for 2025, which raised each income threshold by roughly 2.8%.

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you fills out the 1099. In most cases, you should receive any 1099 form by the end ...

You may be able to deduct your health insurance premiums if you are self-employed and buy your own health insurance. Find out ...

Tax laws determine a person's residency status based on their stay in India. To ease compliance for non-resident taxpayers, ...

ITAT Mumbai held that additional claim of deduction of bad debts under section 36 (1) (vii) of the Income Tax Act filed during the course of assessment other than filing a revised return is allowable.

The JPMorgan CEO cited the famed rule that million-dollar households should not pay taxes on a lower share of their income ...

Those who decided to take their tax-free cash ahead of the Budget have not attempted to put it back, according to several ...

ITAT Ahmedabad held that interest received by co-operative society from SBI, which is a Nationalized Bank, is not allowable as per the section 80 (P) of the Income Tax Act. Accordingly, AO directed to ...

Two of the most common concerns raised by readers are the complexity of our tax rules and the difficulties they face trying ...