In Suman Jagannath Sankhe vs CIT (A) (A.Y. 2016-17), reassessment was initiated based on alleged cash deposits of ₹15 lakh. The assessee challenged jurisdiction on multiple legal grounds including ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

The 2026 tax season can be summed up in two words: Complexity and cash. Many can expect bigger refunds, but detailed rules ...

Lawmakers in Olympia introduced their income tax on millionaires this week — a 9.9% tax on individual income above $1 million ...

Senate Republicans say Connecticut can afford far more than the one-time $500 million tax rebate Gov. Ned Lamont pitched last ...

The pandemic acted as a turning point, as the support measures, the rapid rebound of economic activity, and the return of banks to strong profitability accelerated the absorption of deferred tax ...

You've diligently saved for retirement, watched your nest egg grow, and maybe even celebrated reaching the million-dollar ...

Mark Harmsworth argues that Washington’s proposed income tax would undermine the state’s economy by driving businesses, ...

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

You ate yesterday, maybe a hearty meal, or perhaps a controlled diet; after all, we are still in the New Year's Resolution window. Whatever you consumed throughout the day, no matter how light or ...

Depending on how much you've saved, you may have to pay federal taxes on your retirement income. About half of Social Security recipients pay taxes on their benefits, for example, according to data ...