You can calculate the rate using only your federal tax liability ... minus the standard deduction or your itemized deductions. For the 2024 tax year, the standard deduction is $14,600 if you ...

At the 50 per cent inclusion rate, it’s more likely that a taxpayer reporting significant capital gains would be subject to ...

Both Labor and the Coalition have announced tax concessions ahead of polling day on May 3. Here's how much you could potentially save under Labor or the Coalition.

The Australian Taxation Office (ATO) has today revealed some of the 'wild' work related expense tax claims people have tried ...

In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and ...

Updated requirements for retirement plans in 2025 allow employees and employers to benefit from increased savings and reduced ...

You can calculate the rate using only your federal tax liability ... minus the standard deduction or your itemized deductions. For the 2024 tax year, the standard deduction is $14,600 if you ...

A client once rushed to buy an insurance policy in March, only to realise later that it neither met her needs nor provided optimal tax ... deduction limits are abysmally low vis-à-vis inflation ...

The income tax calculator helps you calculate tax under both the old and new tax regime for all categories of taxpayers —individuals, firms, trusts, companies and others. You can access the income tax ...

Higher Income Brackets: For people with annual incomes above Rs 24 lakh, both regimes apply the same top tax rate of 30%. But ...

Fixed deposits are among the most trusted investment options for Indian savers due to their guaranteed returns and capital ...