The surcharge rates are lower in the new tax regime than in the old tax regime. The new tax regime is the default tax regime. Income tax rules allow an individual who does not have any business ...

The IRS is introducing new income limits for its seven tax brackets, adjusting the thresholds to account for the impact of inflation. That could provide a break to some taxpayers on their taxes in ...

Thankfully, the IRS released the income tax brackets for 2024 last year, allowing you to strategize for the upcoming tax year (returns filed in early 2025). Here are the inflation-adjusted tax ...

The IRS released the new updated income tax brackets for 2024. The tax brackets were adjusted upwards by 5.4% due to inflation, according to the IRS. You may get a break if your income now falls ...

The new minimum tax on large companies by the Biden administration aims to raise $250 billion over the next decade.

Credit/Earned Income Tax Credit Day of Action event at the South ... Though it may seem harmless, studies consistently show ...

Op-ed views and opinions expressed are solely those of the author. In a recent speech Presidential Candidate Donald Trump proposed, among other things, a 15% corporate income […] ...

Monroe County workers' income tax is going up come Jan. 1 to help pay for a new jail that will likely be built on the North ...

New Hampshire has no income tax ... Tax Policy Center. "State Individual Income Tax Rates.' U.S. Congress. "Public Law 104-95," Pages 979-980. Internal Revenue Service. "Topic No. 403 Interest ...

The Monroe County Council voted in August to advertise a new local income tax (LIT) rate increase to fund the construction of ...

Fewer personal income tax slabs THERE IS A need to review and reduce the number of tax brackets in personal taxation. Directionally, the government’s thrust towards the new tax regime is gaining ...

Of his $60 million salary, Prescott will owe around $20.1 million as part of the standard rate for his tax bracket, according ...