The IRS has adjusted federal income tax brackets for 2025, increasing the standard deduction and shifting tax thresholds to ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the “BBB”) as part of the Republican ...

But the income tax decrease in the 2025-26 budget, adopted on April 29, isn’t the largest in 70 years. The income tax rate applied to the excess of a certain threshold, known as a marginal rate, has ...

With Budget 2025 making income up to Rs 12 lakh tax-free under the new regime, salaried taxpayers are weighing the benefits ...

Governors and state legislators have taken steps to improve taxation of investment income. Some in Congress, meanwhile, want ...