Retirement is supposed to be about relaxation and enjoying the rewards of your hard work. But before you kick back, there's ...

You may be required to pay taxes on a portion of your Social Security benefits. Here's what you can expect to pay.

A petition calling for a change in the amount of money people can earn before they start paying tax has passed 100,000 ...

The Internal Revenue Service is accepting 2024 tax returns until April. Here's what to have on hand before you file.

Income tax that is paid in advance in certain installments instead of a lump sum at the end of the financial year. It is applicable to taxpayers whose total tax liability exceeds a certain threshold, ...

The “millionaire tax” will increase Illinois’ tax burden without necessarily increasing public funds. Revenue intended for ...

The end of the financial year is barely a month away, and time is running out to fight back against Chancellor Rachel ...

As April approaches, countless individuals across the nation are scrutinising their finances for ways to legally minimise ...

The new tax year is just around the corner, starting on April 6, and time is running out to ensure you have taken all the ...

If you're trying to collect Social Security benefits, it's important to know how your tax debt could impact that.

The tax filing season has started and taxpayers are reminded to claim eligible tax reliefs and file before the deadline.

Section 147 allows reassessment if the AO has a “reason to believe” that income has escaped assessment. The Finance (No. 2) Act of 2009 inserted Explanation 3 to Section 147, clarifying that the AO ...