How seniors can boost tax refunds with new deduction on 2025 returns

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

'I still have a mortgage': I'm no longer confident that my costs will actually fall in retirement. What can I do?

The biggest change once I retire is that I won't be "saving" for retirement anymore, so I won't need to replace the pretax ...

I must pay income tax on my two tiny private pensions: What do I need to do? HEATHER ROGERS replies

The state pension means I am below the personal allowance. However, I also have workplace pensions which will take me above ...

Budget 2026: Will old income tax regime be discontinued leaving new regime as the only option?

Finance Minister Nirmala Sitharaman will present the Union Budget 2026 on February 1, 2026 and like every year co.
Tax Guru

Income from tissue culture operations qualifies as agricultural income hence exempted u/s. 10(1)

Telangana High Court held that the income derived from tissue culture operations by the assessee qualifies as agricultural ...
Business DayOpinion

Beyond the tax brackets: Where Nigeria’s real fiscal burden actually lies

A lot of small businesses will be exempt from corporate income tax, VAT, and withholding tax. All is on schedule for ...
Seattle Times

Ferguson backs WA income tax on millionaires

Gov. Bob Ferguson has thrown his support behind an income tax on millionaires, backing what would be a seismic shift in Washington’s tax code. At a budget news conference Tuesday, Ferguson endorsed a ...
WKYT

Kentucky income tax rate drops to 3.5% in January

FRANKFORT, Ky. (WKYT) - Kentucky’s individual income tax rate will drop to 3.5% on Jan. 1, 2026, cutting state revenues and tightening lawmakers’ budget choices as they prepare the next two-year ...
Reuters

Japan to raise tax-free income threshold to ease inflation squeeze

TOKYO, Dec 18 (Reuters) - Japan is set to raise the tax-free income threshold and expand deductions for middle-income earners under a deal between Prime Minister Sanae Takaichi's minority government ...
WBUR

Beacon Hill Democrats bristle at proposed ballot question to lower the income tax

Top Beacon Hill Democrats lined up in opposition Tuesday to a potential ballot question that seeks to lower the state income tax, after economic experts warned the measure could erase billions of ...
WBUR

The debate over the possible 2026 income tax ballot questions in Mass.

Senate and House budget chiefs Sen. Michael Rodrigues and Rep. Aaron Michlewitz at a hearing in February 2020. (Sam Doran/SHNS File) Editor's Note: This is an excerpt from WBUR's daily morning ...
news10nbc

Notre Dame study finds Rochester’s guaranteed basic income program worked

ROCHESTER, N.Y. — The city of Rochester announced that its Guaranteed Basic Income (GBI) program, which provided families with $500 a month for a year, was successful. The Wilson Sheehan Lab for ...