The budget reconciliation bill passed by the House of Representatives on May 22, 2025 (the “Reconciliation Bill”), contains a ...

meaning it can reduce a taxpayer’s taxable income, ultimately lowering their tax burden. Similar to the tax shield offered in compensation for medical expenses, charitable giving can also lower ...

GAAP profitability and lower entry point are good, but high debt and deteriorating equity remain concerns. Learn why RUN ...

Key Points ・The House Ways and Means Committee passed their budget bill, with several changes and updates to higher education. ・The bill extends some student loan tax breaks and eligible expands 529 ...

Start by gathering all your tax documents: W-2s, 1099s, and any statements related to income, deductions, or credits. If you think you won’t make the April 15 deadline, file for an automatic ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately rank ...

98,57,359/-. However, he fairly submitted that as per tax computation the demand is less than Rs.60 lakhs. 4. In view of the fact that tax effect involved in appeal as per Income Tax Computation Form ...

The Income Tax Department has updated capital gains tax rates, differentiating between long-term (LTCG) and short-term (STCG) gains across asset classes. Effective July 23, 2024, LTCG on certain ...

Enhancing the compensation awarded by Motor Accidents ... 1 crore, the Rajasthan High Court said that computing deceased's income prospects based on the standard of minimum wage of skilled worker ...

The “No Tax on ... overtime compensation earned in a given taxable year. The legislation is tailored toward individual earners making up to $100,000 and couples with a combined income of $ ...

BATON ROUGE — The Louisiana House of Representatives voted 86-13 Wednesday to approve a bill that might further cut the state’s new flat individual income tax rate and create a tax break for ...