Zohran Mamdani, a democratic socialist, is a leading candidate for mayor of New York. He wants to tax the rich. Business interests are panicking.

The Social Security Administration circulated an imprecise email about the provisions in the new law. Here’s what it actually ...

NEW DELHI: The Income Tax department is investigating tax evasion and money laundering of unaccounted income by high-risk persons through investments in virtual digital assets (VDAs), including ...

U.S. President Donald Trump's signature tax break on tips promises relatively few upsides for low-income Americans, who face a net loss of income under his massive tax and spending bill in ...

Republicans have also added new restrictions to two bulwarks of support for low-income families: the child tax credit and the earned income tax credit.

Some people who earned a Purple Heart in the military – the decoration for service members who were wounded or killed in action – would qualify for a new income tax credit under the legislation.

During his 2024 presidential campaign, Trump proposed several tax cuts for Americans, including exemptions for income earned from overtime work, tipped income, and Social Security benefits.

Second, income earned by a super fund is taxed at 15% for balances in the accumulation phase (when contributions are being made). Income earned in the pension phase is tax-free.

Trump Speech: No Tax On Tips Proposal And Economic Implications Overview: Trump’s no tax on tips proposal aims to exempt income earned from customer gratuities (tips) from federal income taxation.

The child tax credit and an expanded earned income tax credit is expected to put more money back into filers' wallets.

The CASH Campaign of Maryland is offering free tax preparation services in Baltimore City and Baltimore County until April 15. Eligible individuals can make an appointment.