Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.
The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...
FTO has directed FBR to operationalize Clause 19 of Part-Ill of 2nd Schedule of the Income Tax Ordinance, 2001 by ...
IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...
The Kerala High Court held that the limitation under Rule 68B of the second schedule to the Income Tax Act does not apply to ...
Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...
In 2022, tax-exempt hospitals participating in the 340B Drug Pricing Program provided nearly $100 billion in total benefits ...
ISLAMABAD: Peshawar High Court (PHC) has declared that the section 99D of the Income Tax Ordinance constitutes ...
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