WASHINGTON—A new proposal in Congress attempts to put meat on one of President-elect Donald Trump’s campaign-trail tax promises, detailing how the U.S. could remove income taxes on Americans ...

But he said he is not giving up on seeking other "progressive revenue" streams that could include city income taxes. Ald. Scott Waguespack of the 32nd Ward said the budget increases will affect ...

These include: The 20% qualified business income deduction; The disallowance of the moving expense deduction, other than for members of the armed forces; and, Empowerment Zones and the New Markets Tax ...

will have to pay 39 to 42 per cent of his prize money as tax, as per Section 194B, Rule 26 of the Income Tax Act. Prize money won in events such as the World Championship as well as winnings through ...

Dec 17 (Reuters) - Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday.

The Income Tax Department has recovered Rs 37,000 crore over the past 20 months from individuals who failed to file returns despite significant spending. Officials used data analytics and ...

Some tax benefits can significantly shrink a taxpayer's regular tax amount. The AMT is applied to high-income taxpayers by limiting these benefits, ensuring that these high-income taxpayers pay at ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

Don't panic. CBC's Marketplace rounds up the consumer and health news you need. Want this in your inbox? Get the Marketplace newsletter every Friday. The GST/HST holiday begins Saturday. Here ...

The Lineup Cheat Sheet was created so that you could get quick answers to your Fantasy start/sit questions with the analysis already built in. For detailed rationale, check out my latest content ...

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways.