By proposing higher exemption limits across several key allowances, such as house rent allowance (HRA), children’s education benefits, transport allowance and employer-provided meals, the draft rules ...

More than 24 lakh income tax returns remain unprocessed for over 90 days. This is out of nearly 8.80 crore returns filed for Assessment Year 2025-26 by February 4, 2026. The NUDGE campaign has led to ...

The Tribunal ruled that maintaining a temple or holding festivals does not disqualify a trust if substantial funds are spent on public welfare. Authorities must examine actual expenditure patterns, ...

(InvestigateTV) — Taxpayers preparing their 2025 returns will encounter several new changes, including a federal law allowing some borrowers to deduct interest paid on auto loans. The new deduction ...

Budget 2026 keeps tax slabs unchanged, focuses on compliance relief and builds on last year's middle-class tax reset ...

Americans can expect smaller tax bills and bigger refunds this year—after they navigate a pile of new rules from last year’s tax law. “Any time people have big life changes or there are law changes, ...

When tax season rolls around, deductions and credits can make a real difference in how much you owe — or how much you get back. Deductions lower the portion of your income that’s taxed, while credits ...

As homeowners across the U.S. prepare to file their taxes this season, they may be wondering what deductions they qualify for and whether it's worth itemizing or sticking with the standard deduction.

On Dec. 31, the Treasury Department released proposed regulations interpreting the new interest deduction for automobile loans. The Treasury has been accused of dropping unpopular rules on us late in ...

The One Big Beautiful Bill (OBBB) Act that President Trump signed into law last July implemented multiple changes to the tax code, including for seniors. One notable change is a new $6,000 deduction ...

Tax season is fast approaching and several tax policy changes impacting older Americans will be in effect when seniors go to file their returns. The enactment of Republicans' One Big Beautiful Bill ...