According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and align the tax framework with current economic realities. Several key ...

New Income Tax Act: The new Act looks to streamline provisions, reduce complexity, and introduce modern digital processes. However, the committee noted that operational readiness on the ground should ...

The Social Security Fairness Act signed at the beginning of 2025 is now unfair, at least when it comes to taxes, according to some representatives in Congress. Those income spikes last year likely ...

The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

The IRS has published filing instructions for the new Schedule 1-A and Form 1040 instructions for taxpayers to claim no tax ...

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

An individual tax return is a government form that reports all income for the previous year and any taxes due on it.

The IRS raised the senior tax deduction for 2025. Here’s who qualifies, how much you can claim, and what retirees should know before filing.

The bill will next go to the House, as Gov. Bob Ferguson is indicating he’d like to see more changes. Washington state moved one step closer Monday to creating a personal income tax two years after ...

Mayor Zohran Mamdani has now proposed two options that called for raising taxes. Here’s a look at each proposal and the rationale and chances for each. By Sally Goldenberg Dana Rubinstein and Grace ...

OLYMPIA, Wash. — The Washington state Senate passed the proposed "Millionaires Tax" bill on Monday, sending it to the House for debate. If the bill survives the legislative session, it would impose a ...

The average IRS tax refund is up 10.9% so far this season, compared to the same point in 2025, according to early filing data. As of Feb. 6, the average refund amount was $2,290, compared with $2,065 ...