The Latest Breaking News from Income Tax

One thing that comes out clearly from the union budget presented earlier today is that the government wants income tax filers to abandon the old tax regime and move on to the new one.

There is a 0% chance that a proposal to eliminate the federal income tax and replace it with a massive national sales tax will even get out of the Republican-controlled House, let alone become law. But the fact that such a bluntly soak-the-poor idea is even getting an airing under…

Aotearoa New Zealand’s new Prime Minister, Chris Hipkins, has said we should look at ways to make the tax system fairer. Finance associate minister David Parker made a similar point almost a year ago, though there was little real action after his comments.

The tax code should be amended so those who legally own a firearm can turn it in and receive a tax deduction on their federal income tax return.

What Is the Internal Revenue Service?The Internal Revenue Service, better known as the IRS, is the U.S. government agency responsible for collecting taxes from individuals and businesses, enforcing tax laws, and processing tax filings each year. It is also one of the oldest bureaus in operation, ...

The bill would also eliminate corporate income taxes and abolish the IRS

Scottish Fiscal Commission says differences in tax policy between Scotland and the rest of the UK are also to blame

An effort to balance what is considered the nation’s most regressive state tax code is coming before the Washington state Supreme Court

Jamie Fenwick, Beverley Allcock and Dawn Parker were alleged to have committed the offences while living in Jarrow, in South Tyneside

Democrats have criticised the proposal from the Georgia Republican to eliminate the income tax in favor of a national sales tax

The cabinet has extended the double tax deduction period for another two years for contributions made to 13 public health foundations via E-donation.