Excited about no tax on tips? Bonus senior deduction? Not in these states

States are rejecting some of the mega tax package's most popular individal tax provisions to boost their finances. What it ...
Los Angeles Times

How bank bonuses and interest payouts affect your tax bill

With tax season in full swing, you may be consolidating the various charitable donation receipts, deductions and W-2 forms that you’ll submit to the Internal Revenue Service. But if you received any ...
Kiplinger

Trump 2025 Tax Bill: What’s Changing and How It Affects Your Taxes

Have you heard about the 2025 tax and spending megabill that President Donald Trump signed into law on July 4? This new law (Public Law 119-21 and referred to by Trump as the “big, beautiful bill”) ...
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Chartered Accountants caution joint bank account holders about this critical issue with tax rules that can lead to tax notices

O.P. Yadav, Tax Evangelist at Prosperr.io & former Principal Commissioner of Income Tax Department, along with others have highlighted a critical issue regarding the implementation of Rule 114E(2) for ...
The Financial Express

10 common bank transactions that can put your savings account under Income Tax Dept’s radar

Your savings account meets your monthly needs: salary, bills, EMIs, or sometimes transferring or receiving money. All this seems normal, but now the Income Tax Department is keeping a close eye on ...

Income Tax Department’s AI Keeps A Close Watch, When High Bank Balances Reveal More Than They Should; Details Here

If your savings account maintains a high balance despite low expenses, the Income Tax Department may ask you to explain the ...