ITAT Bangalore held that the interest income received by way of mandatory / statutory deposits would also eligible for deduction u/s. 80P(2)(a)(i) of the Income Tax Act by treating the said income as ...

Nearly 150 new Florida laws went into effect July 1 and some of them make big changes you need to know. Here's the list.

Besides extending those tax cuts, which disproportionately benefit high earners, the measure also would reduce spending on ...

As Congress rushes to vote on the "Big Beautiful Bill," students and education advocates urge support for Senate's Pell ...

President Trump's budget bill could make it much harder for working families to claim their biggest tax refund. The changes ...

The proposal also calls for expanding the EITC to workers ages 65 and 66 — currently ineligible for the tax credit. It is projected to affect about 300,000 workers in the older age group.

The "One Big Beautiful Bill Act" could make it harder to claim a low-income tax credit. If enacted as written, the House-approved measure would require precertification for each qualifying child ...

As Senate Republicans debate President Donald Trump 's "big beautiful bill", a lesser-known provision from the House-approved package could make it harder to claim a low-income tax credit.

Situation 1: IRA income will not make you forfeit your benefits Americans who qualify can claim Social Security as early as age 62 if they haven't reached their full retirement age. However, the ...

According to The Principles of Accounting, after an accounting period is over, a trial balance is used to generate a list of all debit and credit accounts as they stand at that time. If the debit ...