Modi Government is going to take a big decision regarding the income law. Under this, a big change can be made soon in the ...

You're not entirely out of luck if you don't live in one of the 13 states where retirement income isn't taxed. At least some retirement income is exempt from income taxes in many other states. For ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

India’s latest budget under Prime Minister Narendra Modi’s government takes a strategic turn toward boosting consumption at a ...

Maryland's Senate president is warning of a potential for deeper state budget cuts to address an impact of the president's ...

A closer look at the U.S. government's $36 trillion debt — some of which is "intergovernmental," meaning money the government ...

Last year the Internal Revenue Service launched a program that allowed some tax filers to file their returns directly to the ...

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

President Donald Trump is mounting another effort to eliminate a controversial loophole that has long allowed Wall Street’s ...

President Donald Trump’s tax cut wish list would cost would the federal government between $5 trillion and $11.2 trillion in ...

A bill brought to the House of Representatives by Republican lawmakers would amend the tax code to remove taxes on Social ...