States with net losses of residents are developing innovative and aggressive ways to capture tax revenue from their ...

When they file their returns this year, high-income taxpayers should be prepared for an additional hit. The net investment ...

It’s no secret that annuities play a pivotal role in retirement planning, providing a steady income. Despite certain tax advantages, annuity taxation has several intricacies that must be understood ...

The bill laying out Gov. Mike Braun’s plan for property tax cuts passed out of committee Tuesday, but it included amendments for school referendums, property tax levy calculations and credits for ...

Here are some of the best ways to reduce your taxes in retirement and what to watch out for. 7 ways to lower your tax bill in ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

A tax base is the total value of all of the assets, income, and economic activity that can be taxed by a taxing authority, usually a government. It is used to calculate tax liabilities.

Tax Calculation: The Union Budget 2025 has introduced new income tax slabs, bringing relief to taxpayers. Finance Minister Nirmala Sitharaman announced that individuals with a net taxable income of up ...

As of 1 January 2025, Brazil-licensed operators must pay a 12% tax on GGR income. The GGR calculation will also be applied to tax collection duties for COFINS, PIS, and ISS. Social Assistance ...

Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This amendment overturns a Supreme Court judgment ...

If you realized capital gains prior to June 25, 2024, in anticipation of a higher tax rate, the bad news is the inclusion rate increase is deferred, if not dead. The outcome of the upcoming ...