Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakhs in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable ...

The IRS has collected $1.3 billion from high wealth tax dodgers since last fall, the agency says, crediting spending that has ...

Bridgeport officials slashed by 45% the tax assessment on a home Joe Ganim purchased in the Black Rock area. Here's what to ...

Chief among them is raising the corporate tax rate to 28 percent from 21 percent, a step that the Treasury Department estimated could bring in $1.3 trillion in revenue over the next 10 years.

WASHINGTON (AP) — The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement ...

US Department of the Treasury has clarified EV charger tax credit eligibility for individuals and businesses – here's what ...

Schedule K-1 is a federal tax document used to report the income, losses, and dividends for a business' or financial entity's partners or an S corporation's shareholders. The K-1 form is also used ...

The flood situation at Chattogram, particularly Fatikchhari upazila, has worsened significantly due to torrential rain coupled with a surge of water from hilly areas in the past 24 hours. The ...

Before approving a 1% grocery tax, Normal Town Council members differed on how badly the town needs the money.

The Income Tax Department of the Ministry of Finance has processed refunds worth Rs 1.57 lakh crore so far, according to a top Government official. According to him, tax refunds are being ...

The vice president has proposed raising the levy on capital gains, a break from President Biden’s economic agenda, as she ...

Building on an issue from the campaign trail, Rep. Steven Horsford (D-Nev.) is the latest member of Congress to propose a bill eliminating taxes on tips.