Courts have held that lump-sum alimony received under a divorce settlement is a capital receipt outside the scope of taxable ...

Chuck Collins figures he won life’s lottery by inheriting vast sums of money through his great-grandfather Oscar Mayer’s ...

Income tax on pension is added to total income and taxed under slab rates. Payout structure, annuity income, and retirement ...

A windfall gain or retirement corpus can be hard to manage without falling prey to poor timing or tax inefficiency. Here are ...

The Tribunal ruled that filing Form 9A is not required when a charitable trust sets off earlier years’ excess application ...

Pensioners in the UK don't get a blanket exemption from taxes upon retirement, but they typically stop paying certain contributions.

Term insurance is often discussed purely as a protection tool, but its tax advantages are rarely explained in detail. While ...

Currently, for non-government subscribers with a corpus above Rs 12 lakh, up to 80 percent can be withdrawn as a lump sum ...

Plus: “No tax on tips” gets more complicated, Taxing Social Security benefits, tax season filing statistics, Taxes From A to ...

Chuck Collins figures he won life’s lottery by inheriting vast sums of money through his great-grandfather Oscar Mayer’s processed meat company, but rather than fight to protect every dime Collins has ...