Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...

The Court held that cotton-filled khadi rajai falls under the taxable category at 14%, rejecting claims of exemption. The ruling confirms that exemption applies only to unfilled ...

Extended income-tax return, TDS submissions, advance tax payment, and Form 3CEAD filing for international groups. Key dates ...

Income Tax department alerts taxpayers to revise ITRs for undisclosed foreign assets by December 31, 2025, to avoid penalties ...

Consolacion Q. Agcaoili of the Bureau of Local Government Finance (BLGF) highlighted the agency’s commitment to modernize local fiscal management and promote transparency in property valuation, ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

US Department of the Treasury and the Internal Revenue Service (IRS) released guidance to claim new tax deductions on tips ...

Fledgling dial-a-ride networks are filling gaps in public transit in the collar counties, but they struggle to meet demand.

While these incentives offer significant potential tax benefits to companies, businesses must plan effectively to maximize ...

Season two will be filmed entirely in southeastern Pennsylvania, creating more than 3,700 jobs and contributing an estimated ...

It's been a year since voters approved a LinkUS levy and some signs of the initiative have already sprung up in Central Ohio.

Estimates of federal revenue forgone due to the tax exemptions of U.S. nonprofit hospitals relative to the community benefits ...