Courts have held that lump-sum alimony received under a divorce settlement is a capital receipt outside the scope of taxable income. However, periodic maintenance payments remain taxable in the ...

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 planning affect post-retirement cash flow.

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 ...

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 ...

Winning the lottery sounds great — until taxes enter the picture. Here’s what to know about federal taxes, state taxes and ...

Learn what counts as taxable pension income, how much you can take tax-free, and how to check the HMRC guidance.

Revenue has paid out €637m in tax refunds to well over half-a-million taxpayers so far this year, with the average refund ...