New ITR forms coming before FY28 implementation. Income Tax Act 2025 aims for simpler compliance. Current filings continue under 1961 Act. The government has announced that the new Income Tax Return ...

Courts have held that digital tax assessments cannot bypass procedural safeguards, reinforcing that fairness remains ...

The Nigeria Revenue Service (NRS) has said the phased implementation of the new Tax Act is designed to address potential challenges associated with introducing the revised tax regime. Speaking at an e ...

Our nation faces serious long-term fiscal challenges. Addressing them will require policymakers to recognize several realities.

Sanders and Khanna’s 5% billionaire wealth tax promises trillions in revenue, but constitutional hurdles, valuation disputes, ...

The Social Security Fairness Act signed at the beginning of 2025 is now unfair, at least when it comes to taxes, according to some representatives in Congress. Those income spikes last year likely ...

High earners are responsible for the majority of the income tax burden in the U.S. However, there are ways to reduce their taxes, including these strategies.

State income taxes would be abolished for individuals earning under $50,000 and families under $100,000. The state would fund these cuts by repealing 29 corporate and COVID-era tax credits and ...

The Social Security Fairness Act provides more than 2.8 million beneficiaries who receive public pensions with higher monthly payments and retroactive lump-sum payments dating back to 2024. The law ...

School funding in Ohio is a hot topic, and continues to get hotter as several school districts in the region have placed property tax levies on the ballot this coming May election. However, in Ohio, ...

If you're one of the millions of Americans who purchased a new car last year, you could benefit from a new tax break that allows taxpayers to deduct interest paid on their auto loans. The car loan tax ...