When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...

For 2024, taxpayers can contribute up to $7,000 to traditional IRAs, with those 50 and older eligible for an additional ...

Taxpayers can use the online Where's My Refund? tool at www.irs.gov to check the status of their income tax refund within 24 hours of e-filing and generally within four weeks of filing a paper return.

At the moment, half of America believes Social Security benefits are tax-free. That’s according to a July 2024 Nationwide ...

Insurer Chubb Ltd. has estimated its costs related to the Los Angeles wildfires to be around $1.5 billion before taxes, to be incurred in the company’s first quarter. Chubb CB Chief Executive ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

However, Ponting has revealed that he is finding it hard to enter the Indian market, other than Delhi Duty Free, due to tax complications. "We are slowly (entering the Indian market). Distribution ...

Reads the legislation, “A non-filer taxpayer can file updated [income tax return (ITR)] at any time for the previous year within 48 months from the end of the relevant assessment year. The additional ...

The Treasury Department applies a formula to combine the two parts into ... Interest on the bonds is exempt from state and local income taxes. You’ll owe federal tax on the interest earned ...

Like every year, Budget 2025 is also being looked at to provide some income tax relief to the common man ... gauge the sentiment of industry members before the Union Budget 2025-26.

Emirates NBD’s profit before tax climbed to a record AED 27.1 billion in 2024 as it expanded its regional presence and enhanced its Wealth Management franchise. Income grew to over AED 44 billion in ...