For individuals below 60 years of age: The basic exemption limit is ₹2,50,000. For senior citizens (60 years or above but below 80 years): The exemption limit is ₹3,00,000. For super senior citizens ...

You can also request that the IRS withhold money for taxes from your Social Security checks up front. This would save you the trouble of having to do the math to figure out how much you might owe. If ...

Individuals with a combined income between $25,000 and $34,000 may be taxed on 50% of their Social Security benefits. If your ...

Most U.S. expats will not have to pay U.S. taxes, but there are some situations where a U.S. tax debt can occur.

Regulations 2018 with respect to Advance Pricing Agreements (APAs), the Federal Inland Revenue Service (FIRS) issued the ...

The IRS has adjusted federal income tax brackets for 2025, increasing the standard deduction and shifting tax thresholds to account for inflation.

Ways to avoid paying taxes on Social Security benefits. Before we dive into some ways to potentially reduce your tax burden, ...

Tax brackets 2025 have been updated, impacting how much you owe or get refunded this year. Understanding the IRS tax refund ...

Early results from the IRS indicate that 7.7% fewer tax returns were filed in the first two weeks of the 2025 season. Why are ...

Provisional taxpayers are people and entities whose income is not derived from salaries, provided they meet certain ...

Summary: The Finance Bill 2025 proposes significant amendments to the Income Tax Act, particularly regarding tax slabs, deductions, and compliance procedures. Under the new tax regime, the income tax ...

Social Security retirement benefits are subject to taxes in many cases. But familiarity with the rules and some advance planning can limit the impact.