Evers said the budget also includes individual income tax cuts proposed by Republican leaders that will reduce state income tax collections.

Mumbai ITAT rules on ITO vs. Nikhil Vinod Aggarwal, invalidating assessment reopening without proper sanction and deleting "on-money" addition due to lack of ...

Several new laws are taking effect in Mississippi on July 1, 2025, including one that will gradually eliminate state income ...

Rules for signing the power-of-attorney form vary widely between partnerships audited under the Bipartisan Budget Act of 2015 ...

Recent court holdings allowing the credit against the tax may encourage similarly situated taxpayers, but procedural hurdles ...

Since 2008, student volunteers from the School of Management’s Volunteer Income Tax Assistance program have prepared more than 11,200 tax returns, bringing nearly $14 million back into the region. Now ...

Significant reductions in the IRS workforce appear to be increasing the number of 'no change' audit closures. The shift could ...

For many families, another key source of savings is the child tax credit. Senate Republicans proposed permanently increasing ...

Indian tax authorities face growing revenue losses as AI firms generate income from Indian developers without a physical presence, bypassing tax obligations. The current tax framework struggles with ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

The fine print on President Donald Trump’s “big, beautiful” tax and spending bill means “taxpayers have extra homework to do,” one expert said. Your income holds the answer. Share ...

More than 91% of this income derived from the 12.4% payroll tax on earned income. In 2025, all wages and salary up to $176,100 is subject to this tax.