The Latest Breaking News from Income Tax

The good news is that overpaid taxes are not lost. Here's how to reclaim overpayments on tips today.

In most European countries, people who earn more generally pay higher taxes. But top personal income tax rates for those in the highest brackets vary widely, with a clear divide between Northwestern and Eastern Europe.

Gold in an Indian home is never just gold. It is a mother’s wedding bangles locked away for decades, a chain bought during a good harvest, a pair of earrings gifted quietly by a grandmother “for your future.” Yet the moment news breaks about an income-tax raid or gold seizure,…

In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions

Ohio has officially entered a new era of fiscal policy. Starting in 2026, the state fully transitioned to a flat tax system. This move simplifies the filing process and increases the state’s economic competitiveness. The change concludes a multi-year effort to condense Ohio’s complex, multi-bracket tax structure into one streamlined…

A new report warns that some plans for replacing income tax revenue rely on unrealistic assumptions.

Most budgets promise relief. Very few actually change what you pay in real life. Budget 2026 is one of those rare ones that works quietly. There were no dramatic tax cuts, no loud announcements, and no instant price drops flashed across screens. Yet, beneath the fine print, the government made…

C.J. Roy, 57, chairman and founder of the Confident Group, a prominent real estate developer, was found dead with a gunshot injury at his Langford Town residence on Friday, according to police.

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the taxation of Social Security benefits