Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there ... penalty proceedings U/s 271AAB(1A)(b) of the IT Act, 1961, is being initiated ...

Senate Enrolled Act 451 would further decrease Indiana's income tax rate starting in 2030. Thresholds for it to happen haven't been met in 20 years.

A Senate bill would bar states from imposing tax and withholding on out-of-state workers who work for no more than 30 days ...

Indiana's SEA 1 law, endorsed by Rep. Baird, offers $1.3 billion in property tax relief and includes benefits for seniors, ...

Added checking of digital elements in the Income Tax Act, Law should give legal backing,” said FM Sitharaman on the new Income Tax Bill. Under the new framework of the Finance Bill 2025 ...

izusek / Getty Images As of 2025, eight states don’t levy income taxes: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, and Wyoming. Washington does not tax income but ...

Where federal tax brackets and rates will land next year depends whether Congress extends the 2017 tax cuts for individuals that expire at year-end. That law kept the former seven brackets ...

Investopedia / Theresa Chiechi Tax-exempt refers to income or transactions that are free from tax at the federal, state, or local level. The reporting of tax-free items may be on a taxpayer's ...

As the year winds down, you may be wondering just how much tax you’ll be paying once you file your 2024 income tax return. Especially if you changed jobs or earned self-employment income ...

Federal income tax is a necessary evil, but residents in a few parts of the country don't have to pay state income taxes. Eight U.S. states don't impose any kind of income tax and one only taxes ...

The tax brackets ... the Tax Cuts and Jobs Act of 2017 (TCJA), the brackets for tax year 2025 will remain the same as they were in 2024. However, the IRS increased the income thresholds for ...

The US of Representatives passed a bipartisan bill that aims to increase transparency in the Internal Revenue Service's (IRS) management of tax return mistakes. What is What is IRS MATH Act?