$6,000 senior tax deduction for federal returns has plenty of rules

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

Tax Questions Surge as Americans File Under New Rules for the First Time, New JustAnswer Data Shows

Americans are heading into tax season with more income streams and more confusion over changing tax rules than ever before, according to new data from online expert platform JustAnswer. An analysis of ...

New draft Income tax rules may double your exemption limit; Rs 30 lakh salaried earner could save Rs 1.72 lakh a year

For salaried professionals without significant tax-saving investments or housing rent exposure, the new regime represents both simplicity and fiscal efficiency ...

I’m a Financial Planner: Here’s How To Prepare for the New Tax Rules in 2026

The One Big Beautiful Bill changed some tax rules. Learn how the SALT deduction, itemizing and auto loan interest could ...
Institute on Taxation and Economic PolicyOpinion

New Income Tax Disclosure Rules Mean Halliburton Can No Longer Conceal Its Offshore Tax Avoidance

The company’s latest annual report throws the doors wide open once again on Halliburton’s penchant for offshoring its profits ...

New income tax draft rules: Massive tax break coming? Exemptions may nearly double for salaried class

Under the current rules, a salaried employee claiming various allowances and benefits can typically claim around Rs 6.9 lakh in exemptions.