The Latest Breaking News from Income Tax

A new tax law lands Iowa among the top ten states with the lowest income tax rates.

The Supreme Court on Thursday granted a week’s interim protection to NewsClick against tax recovery demands over “unexplained cash credits”, LiveLaw reported. The court, however, dismissed a writ petition filed by PPK Newsclick Studio Pvt Ltd, the company that runs the news portal, and asked it to approach the Delhi…

Where is your IRS tax refund? Well, it may be arriving sooner than you think.

Inflation-related changes to the tax code could result in a larger refund for some, but you’ll have to wait.

Aam Aadmi Party (AAP) national convenor Arvind Kejriwal on Monday took a dig at the BJP-led Central government over the Union Budget 2025 saying that as soon as people gave them fewer seats, they promptly changed the income tax regime. Read further on Dynamite News.

Several states don’t tax Social Security benefits, 401(k)s, IRAs, and pensions. But you may still have to pay state taxes on some incomes.

Congress leaders have slammed the budget. "A band-aid for bullet wounds! Amid global uncertainty, solving our economic crisis demanded a paradigm shift. Read further on Dynamite News:

During Finance Minister Nirmala Sitharaman Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class. Read further on Dynamite News:

Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing