The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the tax code, signed into law by President Donald Trump on Jan. 1, 2018. The Senate passed TCJA on Dec. 2, 2017, by a party-line vote of 51 ...

There are no changes in the income tax laws under the old tax regime. Thus, if a taxpayer opts for the old tax regime, the calculation will be done on the rates that were applicable the previous year.

The foreign property ownership tax benefits that you get under U.S. tax law depend on how you use the overseas property. For example: If you use the property as a second home and not as a rental ...

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A "yes" vote supports allowing for property owners to apply for a property tax refund if the city or locality in which the property is located does not enforce laws or ordinances regarding illegal ...

Americans spend an average of $270 filing their taxes each year, according to the Treasury Department. There are numerous ways to file your taxes for free, however, especially if you meet certain ...

The deadline to submit individual tax returns to the Internal Revenue Service (IRS) is April 15, 2024 (or April 17 if you live in Maine or Massachusetts). While tax season may not be your favorite ...

new laws announced, a visa amnesty extension and changes to tax guidelines have made headlines this week. Then there was an insider chat with creators of “viral chocolate bars in Dubai”, a pivot from ...

The reforms stemmed from a months-long review of existing tax laws by the Taiwo Oyedele-led committee inaugurated in August 2023. The committee’s recommendations were harmonised into four ...

GST went live in 2016, and the amended model GST law was passed in both the houses. The President of India also gave assent. In 2017, 4 supplementary GST Bills in Lok Sabha was passed and the Cabinet ...

As we mentioned earlier, the power to levy tax has been allocated to the Central and the State Governments. It is important to know that the constitution also states that no authority of law can ...