What Is the Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
The Manila Times on MSN5d
SC exempts foreign currency accounts from estate tax
The Supreme Court (SC) has ruled that foreign currency deposit accounts are exempt from estate tax under Republic Act 6426, ...
GB News on MSN8d
Britons urged to check payslips as HMRC could 'adjust your tax code' costing you thousands of pounds - are you affected?
Britons could be owed significant tax refunds from HMRC due to incorrect tax codes, with some potentially due thousands of ...
The Sun15d
The code on your payslip that could mean you’ve overpaid hundreds of pounds in tax
CHECKING a five-digit code could signal that you've overpaid hundreds of pounds in tax and are due are rebate. Tax codes dictate how much is deducted from your pay, and if you've been placed on ...
The Hill16d
Senate GOP spikes House tax plans
Senate Republicans are tossing cold water on proposals by some House conservatives to raise corporate taxes to help pay for President-elect Trump’s tax agenda. “Absolutely not,” Sen.
JD Supra16d
Treasury Releases Final Regulations for the Tech-Neutral PTC and ITC
On January 7, 2025, the U.S. Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “Service”) issued final ...
Kansas Reflector18d
Kansas Senate president promises bipartisanship — while ‘drawing the line’ on ‘radical policies’
He said Republican legislators will work on a constitutional amendment to address tax hikes, simplify the tax code, reduce taxes for Kansans and heed President-elect Donald Trump’s proposal to ...
Forbes18d
How L.A. Fire Victims Can Get Help From The Tax Code
The thousands of Californians who have lost their homes or businesses and the tens of thousands more who have been evacuated during the Los Angeles fires may be able to get some relief from the ...
Indiatimes19d
Government employees can get gratuity up to Rs 25 lakh: What is tax-exempt gratuity for private sector, government employees?
According to the department's office memorandum, "Department of Expenditure vide their OM No. 1/1/2024-E-II(B) dated 12.03.2024 has issued instructions regarding enhancement of Dearness Allowance ...
Wall Street Journal19d
Congress Keeps the Tax Code Overly Complex for a Reason
Which is why a flat tax will never become law. Congress enjoys dominion over this hodgepodge of word salad and retains the power to alter, amend or change any and all parts of the code for reasons ...
Kiplinger20d
House GOP Bill Aims to Abolish the IRS and Rewrite the Tax Code
The proposal, spearheaded by Rep. Earl L. “Buddy” Carter (R-GA), would dismantle the current federal tax code and replace it with a single national sales tax. That "consumption tax" would be ...
Crypto Briefing21d
US Congressman Buddy Carter introduces Fair Tax Act to abolish IRS and replace US tax code
Rep. Earl “Buddy” Carter has proposed eliminating the Internal Revenue Service (IRS) and replacing the current US tax code with a national consumption tax through a bill known as H.R. 25, the Fair Tax ...