State income taxes often reflect federal policies, but Washington, D.C. and some states have taken steps to keep the latest ...

The final Income Tax Act, 2025 has removed a one-time provision that allowed brought-forward long-term capital losses to be set off against short-term capital gains. This change reverts to the ...

The new Act adopts a broad definition of income, covering salary, capital gains, perquisites, subsidies, and windfalls, ...

Officials say data driven checks nudge campaigns and migration to new tax regime curb excess claims while flagged returns face closer scrutiny ...

Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.

With most of your tax documents likely in hand, it’s time to think about when to file your 2025 return. This year more than most it makes sense to explore filing as soon as possible, as refunds ...

For single filers, the lowest bracket for 2025 includes income below $26,800, an increase of $750 from the previous year.

The Centre has released the draft rules for the New Income Tax Act, 2025, which may make the old tax regime more attractive ...

The Draft Income Tax Rules, 2026 propose sweeping changes to PAN-quoting norms, perquisite valuations and reporting ...

The Finance Bill corrects an inadvertent drafting error in spouse income provisions. This clarification improves accuracy in applying clubbing ...

​With data analytics tightening the tax net, salaried taxpayers are increasingly facing income tax notices over small mismatches flagged through AIS/TIS and NUDGE alerts. Budget 2026 aims to ease this ...

Arizona Gov. Katie Hobbs has again vetoed a Republican-backed bill to align state tax policy with federal cuts, leaving ...