New Income Tax Act: ITR forms to be issued prior to FY28, says Centre

The new income tax returns form under the Income Tax Act, 2025, will be issued before the 2027-28 financial year, according to Minister of State for Finance Pankaj Chaudhary.

Find Out If You Qualify for the New Senior Tax Break

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

Your tax refund could be $1,000 bigger next year — and even more if you make these money moves in time

Federal income-tax refunds next year are set to climb — by hundreds of dollars individually and billions of dollars in ...

Is a New $25,000 Health Care Tax Deduction Coming in 2026?

Sen. Josh Hawley (R-Mo.) is pushing a new “No Taxes on Healthcare Act” that would let households deduct up to $25,000 in ...

Can a husband claim 80C tax benefits on PPF or ELSS invested in wife’s name?

You can claim a deduction under Section 80C for contributions made to your own Public Provident Fund (PPF) account, or to the PPF accounts of your spouse or children.
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Income Tax Act 2025: When will new ITR forms made available? Minister answers

Income Tax Act 2025, new ITR forms, ITR filing, CBDT, tax filing in India, simplified tax laws, Income Tax Department, TDS ...

New IRS rules on overtime and tips could complicate 2025 tax returns

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...
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Income Tax on Capital Gains by NRIs: A Comprehensive Guide Under Finance Act, 2025

Explore the latest NRI capital gains tax rules under the Finance Act, 2025, including rates, asset classifications, and strategies to minimize liability through exemptions and ...

Talks start on income tax hike to finance rise in defense spending

The government and the ruling Liberal Democratic Party have started discussions on raising income tax rates in fiscal 2027 to ...