The average Social Security benefit is expected to be about $1,976 per month for retired workers in 2025. That amounts to ...

Q: My husband is an heir in a relative’s estate. He was told not to file our taxes until the estate has completed theirs. Why do we need to wait?

Tax brackets are changing in 2025—so Newsweek has rounded up everything you need to know before the new year. The IRS adjusts tax brackets for inflation annually to stop taxpayers being pushed into a ...

While several major tax reforms introduced in 2024 underscored the Government’s objective, among other things, to simplify ...

The Income Tax Act, 1961 has specific provisions regarding employer contributions to Provident Funds (PF), pension schemes, and similar funds. If an employer contributes more than ₹7.5 lakhs in a ...

I turned 51 years old six months ago and forgot to adjust my employer retirement account settings to max out my contributions this year. As a result, I contributed $23,000 to my 403 (b) and $23,000 to ...

As the calendar year draws to a close, the window for tax-saving opportunities narrows. However, it’s not too late to ...

Starting from 2024, the default tax-filing regime will be the New Tax Regime, which features a simplified process but limited ...

Coupled with the more than 5% increase in average single-family home values, from $668,178 to $704,287, these homeowners will ...

The issue pertains to whether ‘gur’ and ‘jaggery’ as per Schedule III of the Tamil Nadu General Sales Tax Act, 1959 are different commodities or whether they are one and the same for the purpose of ...

When you strategically sell investments at a loss to offset capital gains and reduce tax liability, this is called tax-loss ...

you still have to pay taxes every year on the change in nominal value of the bonds, even if you haven't sold any of the bonds. So taxable "events" occur every year, even though you are holding to ...