Rep. Nick LaLota (R-NY) said that members of a Republican voting bloc united in increasing the cap on state and local tax ...

House Republicans in favor of increasing the deduction cap on state and local taxes (SALT) said they “still have some work to ...

BHUBANESWAR: A strange tax deduction practice of the Odisha government is drilling a hole in the pockets of champion ...

A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach ...

Pay Advance Tax, if Required – If the total tax liability exceeds Rs. 10,000 (after considering deductions and rebates), the ...

Current law caps corporations’ deductions for salaries at $1 million—for some employers and workers.

Some House conservatives have said that they will not vote for any blue state bailout that increases the deficit.

A trendy idea within both parties is to cut red tape to encourage investment and innovation. Our current tax laws discourage ...

FY26 has brought with it several tax changes – the biggest one of them being the huge sweetener in the new income tax regime. This, along with major capital gains tax changes announced in July 2024 ...

The DEA’s potential rescheduling of cannabis to a Schedule III drug could ease restrictions, boosting research and offering ...

The government has introduced simplified ITR forms 1 and 4 for the assessment year 2025-26, easing filing for individuals ...