News

Banks' proposal for tax relief on NPA interest under review
The government is considering banks' request to amend income tax law, aligning NPA definitions with RBI norms to exempt ...
Freedom Caucus warns it will ‘not accept’ Senate changes on green energy tax credits
The conservative House Freedom Caucus said on Friday that it would “not accept” changes that “water down” its cuts to green energy tax credits as the Senate weighs whether to alter the ...
Filing Taxes Late in the US? 2025 Penalties Explained And How to Get an Extension
If you are late in filing your 2025 taxes, do not panic! You still have options. From digital filing systems to traditional ...
Study shows expanded child tax credit helped middle-class families pay energy bills, but not the poorest
A new study from UCLA Health shows that the 2021 expanded Child Tax Credit helped prevent energy insecurity among ...
Tax Credit Increase Would Exclude Millions of Low-Income Children, Study Finds
The domestic policy bill passed by the House raises the maximum child tax credit to $2,500. But about a third of children ...
Axios on MSN3d
Tax bill would make key credit harder to get for millions of low-income families, senators warn
Buried in the "big, beautiful bill" is a provision that would require low-income Americans to pre-certify to get the Earned ...
National Law Review3d
House Draft Tax Bill Would Modify Key Energy Tax Credits, Grant Programs and Permitting Process
The U.S. House of Representatives is working to finalize its version of a massive tax and spending bill that Republicans hope ...
Center on Budget and Policy Priorities4dOpinion
House Republican Tax Bill Would Create Costly Red Tape for Millions of Families
The goal is not to improve program efficiency, but to pay for tax cuts for the very wealthy by denying people benefits ...
Tribune Content Agency on MSN5d
Tax rule change could see millions lose health insurance
The health premium tax credit (PTC) is almost 13 years old. Thanks to Obamacare, eligible individuals who otherwise can’t get ...
Institute on Taxation and Economic Policy5d
Sweeping Federal Tax and Spending Changes Threaten Local Governments
Given this environment, local leaders must do what they can to preserve and strengthen progressive revenue tools, advocate ...
The Press Democrat5dOpinion
Letters to the Editor, Tuesday June 3
Press Democrat readers comment on taxes on tips, and more.