Category: Income Tax
Income tax News from varies Personal Finance media, we summarize all Income tax news into a sitemap summary with link to related Income tax News for the one who wanted to know updated Income tax information in timely manner.
New York Governor Andrew Cuomo has always been more reluctant than other Empire State Democrats to soak the rich—just last summer he warned that raising taxes on the state billionaires would mean they’d “just move next…
getty While the IRS extended the tax return deadline to May 17, it kept the usual April 15 date for the first quarterly estimated tax payment of 2021.. This is awkward for the many people planning to base 2021 estimated taxes…
In its Covid-19 operations update, the Internal Revenue Service has added an explanation for why in many cases it taking longer than the typical 21 days to process tax refunds for individual taxpayers.. We’re talking about…
The last time the US budget deficit as a percentage of gross domestic product was in double digits for more than a year was during World War II.. Advertisement Advertisement As Biden approaches his first 100 days as president,…
Income tax and corporate tax collections at Rs 9.45 lakh crore in the fiscal year ended March 31 exceeded the revised target by 5 per cent but were 10 per cent lower than the direct tax collections in the previous year, tax…
Income tax and corporate tax collections at Rs 9.45 lakh crore in the fiscal year ended March 31 exceeded the revised target by 5 per cent but were 10 per cent lower than the direct tax collections in the previous year, tax…
Making intelligent tax-planning decisions before and during retirement can have a significant impact on your net retirement income.. I recently had a married gay couple come in for a retirement planning consultation (I specialize…
Tax preparations for this year could be more confusing because of the numerous federal government transfers you must include in your 2020 tax returns.. However, taxpayers can derive substantial tax savings if they don’t…
If you think the $2,000/month stimulus checks you received were the only benefit, then you should read about the interest relief.. The CRA 5% penalty stays For the 2019 tax year, the CRA extended the deadline to September…
The net direct tax collection for the fiscal ended March 31 stood at Rs 9.45 lakh crore, an increase of 5 per cent over the revised estimates in the Union Budget.. Central Board of Direct Taxes (CBDT) chairman P C Mody on…
The net direct tax collection for the fiscal ended March 31 stood at Rs 9.45 lakh crore, an increase of 5 per cent over the revised estimates in the Union Budget.. Central Board of Direct Taxes (CBDT) Chairman P C Mody on…
On April 1, the Central Board of Direct Taxes (CBDT) notified all the income-tax related (ITR) forms for assessment year 2020-21.. While you have time to file your returns (for income earned during the FY 21), till July 31,…
Wealth taxes are often controversial in nature and when they’re brought up or proposed it stirs extreme debate on both sides of the argument.. Despite this, over the last year or so the topic of new taxes has repeatedly…
IR35 tax changes were introduced on April 6 and going forward, companies will be required to treat off-payroll workers as full-time employees, mirroring a system that has been in place in the public sector since 2017.. Many…
Your tax rate is based on your taxable income, after benefits such as the standard deduction are applied, and your filing status such as single or married, filing jointly.. The 10% rate takes effect at the first dollar of…
In brief Most employees and self-employed business owners are required to pay at least 90% of their tax due long before the annual due date.. To meet that 90% requirement and avoid penalties, employees and many retirees typically…
Wealth taxes are often controversial in nature and when they’re brought up or proposed it stirs extreme debate on both sides of the argument.. Despite this, over the last year or so the topic of new taxes has repeatedly…
New York Governor Andrew Cuomo speaks at Rochdale Village Community Center in Queens, New York, on April 5, 2021.. The New York state Senate and Assembly late Wednesday passed a $212 billion budget proposal after lawmakers…