Whether you applied for an extension or just forgot completely, you still have to get your taxes done. Here are some ways to ...

While tax withholding is automatic while working, retirees face the responsibility of ensuring their income is withheld for ...

Can I withdraw the money from the Sipp and gift it to my children and grandchildren as surplus income? Would I need to do ...

The estate tax rules allow the people handling the estate to choose what's known as an alternate valuation date for determining tax liability ... types of portfolio income. We've got answers.

Taxpayers must adjust for non-federal items, like out-of-state tax-exempt bond interest. Personal and standard deductions in Georgia differ from federal amounts, affecting taxable income.

We all want to save a large part of our income, and tax planning is one way to reduce tax liability and save more. Under the Income Tax Act, 1961, certain investments, savings, and expenses are ...

You can work out your deductions with our income tax calculator. If you're self-employed, you'll usually need to pay via your self-assessment tax return. Tackle your 2024-25 tax return with the tax ...

From there, your income is taxed in chunks based on federal tax brackets. Here’s how it breaks down: The first $11,925 is taxed at 10%, which comes out to $1,193. The amount from $11,925 to $ ...

You can do such set-off for only up to Rs 2,00,000 in tax benefits in a financial year. Know Your Income Tax: What will be your tax liability on salary of Rs ... on Rs 5 lakh mutual fund earnings ...

Filing your income tax return (ITR) is a crucial financial responsibility that ensures compliance with tax laws and opens the door to various financial benefits, including refunds and smoother loan ...

and ensure your bank details are up to date for faster refunds The Income Tax Department also provides a pre-filled ITR form to simplify the filing process, especially for salaried and small taxpayers ...

Many employees working in Sri Lanka with foreign employment contracts may not be aware of this new requirement to pay income tax on a monthly basis The Inland Revenue Department has recently issued ...