partnership firms--including limited liability partnerships--are subject to a 30% income tax. A 12% surcharge is also levied if the taxable income exceeds Rs 1 crore. The institute has made a raft of ...

The Impact of Substituting Tariffs for Income Taxes The concept of replacing income taxes with the revenue from tariffs also has short- and long-term impacts. In the short term, the ‘all-tariff ...

The state credit is worth 30% of the credit claimed on your federal income tax return. A permanently disabled person who buys a single-family home with accessibility features (such as a no-step ...

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax ...

Marko Geber / Getty Images Yes, you can lower your taxable income and your tax bill by opening and contributing to an individual retirement account (IRA). But it depends, first and foremost ...

The IRS has yet to announce the start date for the 2025 tax season, but it is likely to be in late January. In 2024, tax season began Jan. 29 and ran through April 15. Many, or all, of the ...

Receipts into the federation account grew by 7.48 per cent to ... tax as a tax levied on the profits made by companies operating in Nigeria. It is regulated by the Companies Income Tax Act under ...

The program is a partnership between the IRS and eight leading tax prep sites, including TaxSlayer and FreeTaxUSA. You can choose which company to work with based on your income, age, location and ...

I know he will have to file his taxes differently and will need to pay both state and federal income taxes, but will he also make payments toward Social Security? Will these months (and maybe ...