The income tax department has launched a simple tool to help taxpayers compare taxes under the New Tax Regime for FY 2024-25 ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Finally, you can make an estimation using a little math. Each quarter, add up your actual income, multiply it by four (this ...

First, the new Stay NJ benefit, which is supposed to cut property taxes by up to 50%, capped at $6,500, for seniors who earn ...

Depending on the type of savings bond you have, there are different ways to cash in. Find out how to cash in savings bonds ...

The next time your city or county proposes a local tax levy, it may look different on your ballot – if a bill currently under ...

Bob Cupp spent years working to fix Ohio's school funding formula. The former House speaker from Lima partnered with Democratic colleague Rep. John Patterson to devise a new formula to calculate the ...

Elon Musk said he had "deleted" a government agency that worked on the IRS' Direct File program. But the free filing program ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

As we enter 2025, taxpayers nationwide are bracing for significant tax reforms. You've probably heard about changes that will come at the federal level as a new administration enters the White ...