The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

Many high-earning Indians face financial struggles. A 32-year-old IT professional earning Rs 40 lakh annually is broke. Home loans and lifestyle expenses consume his income. Chartered Accountant Nitin ...

The Income Tax Department on Friday released Excel utilities for ITR-2 and ITR-3 forms, which can be used by taxpayers to file ITR on income from Taxable Capital Gains, crypto income, and others. The ...

President Donald Trump signed a comprehensive budget reconciliation bill into law, loosening rules around health savings ...

INCOME Holders of the security are advised that a distribution will be made in respect of the three months ended 30 June 2025 ...

These expenses are essential for generating revenue; and as such, they can be deducted from your income taxes to reduce your overall tax liability. Common examples of business expenses include: You ...

President Donald Trump’s budget reconciliation has one big consequence for career gamers as a new rule on tax deductions threatens to “kill professional gambling.” Heading into the […] ...

Your net income is used to calculate your federal and provincial or territorial non-refundable tax credits. A negative amount at line 23600 of your return (before entering “0”) resulting from any of ...