The group wrote a letter to the civic administration on Tuesday.According to the data collected through the Right to Information Act (RTI) by the group, the civic administration incurred a loss of Rs ...

State pensioners have been alerted to the possibility of receiving a new tax bill soon. As state pension rates rise, an increasing number of pensioners are becoming liable for income tax. The current ...

The IRS has released updated federal income tax brackets and standard deductions for the 2026 tax year, which will apply to returns filed in 2027. Democrats Launch Investigation Into Trump’s ‘Theft’ ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

“Keep your eye on one thing and one thing only: how much the government is spending. Because that is the true tax.” – Milton Friedman There are many forms of taxation in the United States that ...

House Republicans’ sweeping budget bill does not eliminate taxes on Social Security benefits — a signature piece of President Donald Trump’s platform — but officials say an enhanced standard deduction ...

The massive Republican-backed budget bill — called "one big, beautiful bill" by President Trump — includes several new tax rules that could have a big financial impact on millions of workers who earn ...

Time is running out, but if you haven’t filed your 2021 tax return, you may still be eligible to receive a refund. The Internal Revenue Service says more than $1 billion in unclaimed tax refunds could ...

Corrections & Clarifications: This story was updated to correct the deadline to file past due returns for 2021, which is April 18. With the clock ticking on tax season, the IRS is reminding Americans ...

Some taxpayers who did not file 2021 income tax returns only have until April 15 to claim refund money. Do not file a return to claim the recovery rebate credit if you already received all the ...

The Internal Revenue Service is warning more than 1 million taxpayers to file their 2021 tax returns by April 15 or risk losing more than $1 billion in unclaimed refunds. There is no penalty for ...