Now the Trump administration has the opportunity to continue making adjustments to the tax code. Many of the TCJA tax provisions are set to expire at the end of 2025, opening the ...

Some Republicans, including Bailey and Schmitt, argue that Direct File is illegal, unnecessary and creates a conflict of interest by positioning the IRS as both tax preparer and auditor.

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

The Central Board of Direct Taxes on Thursday said that provisional direct tax collections continue to register ‘steady growth’ with gross collections rising 16.77% to ₹17.18 lakh crore ...

More than two dozen House Republicans are asking President-elect Donald Trump to terminate the Internal Revenue Service's free direct tax-filing system as soon as day one of his presidency.

As some Republicans urge President-elect Donald Trump to kill the IRS's free direct-tax-filing tool, Democrats are attempting to preserve it. In a letter to the Treasury secretary nominee ...

The socio-economic implications of scrapping the old tax regime for India's real estate sector - currently valued at $493 billion and contributing 7.3 per cent to GDP - deserve careful scrutiny ...

India’s net direct tax collection rose 16 per cent to ₹16.90 lakh crore in April-January period of FY25 New Delhi: Strong growth in tax collection from both personal and corporate income ...