Income Tax Budget 2026 highlights: Finance minister Nirmala Sitharaman, during the presentation of Union Budget 2026-27, announced that the New Income Tax Act, 2025, will come into effect from April 1 ...

The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

The Finance Bill, 2026 proposes extending the revised return filing window to twelve months. This gives taxpayers more time to correct mistakes, even after filing belated ...

The amendment permits taxpayers to file an updated return to reduce overstated losses. This promotes accuracy while preserving restrictions against loss creation or refund ...

The IRS officially opened 2026 tax filing on January 26. Experts predict a 30% refund surge due to the Working Families Tax ...

Americans can expect an average $1,000 boost in their tax refunds this year — with the White House projecting an additional ...

Do You Need to Pay Taxes on Social Security? Maybe. Here's How to Figure It Out ...

Nirmala Sitharaman is set to present the Union Budget on 1 February, Sunday. Does she have anything in her purse for the ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

Not all states tax income the same. See how state income tax rates compare, how flat and progressive systems work and what ...

Sherrod Brown has spent 50 years in politics, was a state representative, Secretary of State for Ohio, a U.S. Congressman and ...

Lord Mandelson: The ‘Dark Lord’ faces prospect of losing title over Epstein ties - He started out as a Labour communications ...