The ITAT Ahmedabad ruled that interest earned by a cooperative society from Urban Cooperative Banks qualifies for deduction under Section 80P(2)(d) of the Income-tax ...

With interest rates still relatively high, even modest savings can generate income that pushes someone over the threshold, ...

President Trump's budget bill could make it much harder for working families to claim their biggest tax refund. The changes would require parents to jump through new hoops starting in 2028 before ...

The 549-page text calls for making many provisions of the Tax Cuts and Jobs Act permanent. The committee says that the SALT cap amount is “the subject of continuing negotiations.” ...

Senate Republicans have released their version of the tax legislation. It included some significant changes from the House ...

The bill, which is headed to Gov. Phil Scott’s desk, would create new school districts and implement a foundation formula starting in the 2028-29 school year.

Senate Republicans’ tax and spending cut bill makes many of the core elements of their 2017 tax cuts permanent but scales back additional cuts from what the House passed. The Senate Finance ...

Economic Security Illinois (ESIL) says Governor Pritzker’s signing of the Illinois state budget, which includes an expansion of the state’s child tax credit, is a ...

H.R. 1, the so-called “One Big Beautiful Bill Act” now before Congress, would make deep cuts to programs that keep our ...

By Yvette Lopez Brooks At United Way of County, we envision a community where every person, regardless of income, race or ZIP code, has the opportunity to thrive. Every child deserves ...

Congress should reform the Earned Income Tax Credit and Child Tax Credit to be more pro-work and pro-family, eliminating ...