There's usually no tax withholding on their retirement account withdrawals, so many actually owe the IRS money at tax time.

The IRS released a revenue ruling detailing the various prescribed rates for federal income tax purposes for March 2025. Table 1 contains the short-term, mid-term, and long-term applicable federal ...

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

Kenya’s Treasury is considering using existing tax rates to finance the 2025/2026 budget, signaling a move to sustain revenue ...

The Simplified Income Tax Bill 2025, introduced by Finance Minister Nirmala Sitharaman, will replace the outdated Income Tax ...

The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget ...

Gov. JB Pritzker has proposed growing spending by about $2 billion without new income or service taxes in the upcoming fiscal ...

Taxpayers who have already selected the new tax regime in the Income-Tax Act 1961 will not need to choose it again in the ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

In his budget and State of the State Address, Gov. J.B. Pritzker invoked the rise of Nazi German in criticizing the Trump ...

Governor J.B. Pritzker delivered his seventh annual Budget Address to a joint session of the General Assembly, where ...