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IRS TAX THRESHOLD UPDATES
IRS raises 2027 capital gains tax limits: Could selling stocks become tax-free for more Americans as the 0% threshold jumps to $51,050?The IRS has raised the 2027 long-term capital gains tax limits, allowing investors to earn more from stock sales before paying federal tax....- OpenAI lets businesses claim ChatGPT profiles, adds AI agents for US ecommerce firmsOpenAI said on Tuesday it was launching "Businesses" in beta within ChatGPT, giving companies a way to claim and manage their profiles, upd...
- Social Security tax by state in 2026: Which 8 states tax retirement benefits, where can retirees keep more of their benefits, and how much could you owe the IRS?Social Security benefits are not tax-free for every retiree in 2026. Just over half of beneficiaries are expected to pay federal income tax...
- Alaska Senate election results: Democrat Mary Peltola widens lead over Dan Sullivan; when will final results be announced?Alaska Senate election results: Democrat Mary Peltola has expanded her lead over Republican incumbent Dan Sullivan to 2,517 votes in the Al...
- Mary Peltola widens lead over Dan Sullivan in Alaska Senate race, but ranked-choice voting could decide winnerIn Alaska's Senate race, Mary Peltola is in a strong position, leading incumbent Dan Sullivan. Current vote counts reveal Peltola has amass...
- IRS releases 2027 tax brackets: How new income tax rates and standard deductions for single, married and senior filers could affect your tax billTax brackets 2027: The IRS has raised all seven federal income tax bracket thresholds for 2027 and increased the standard deduction for sin...
- 'Surcharge an enhancement of rate of sales tax': SC upholds states' power to levy additional sales taxThe Supreme Court reaffirmed a 1974 ruling regarding states' power to levy additional sales tax. This ruling clarified that such levies are...
- Warren Buffett’s retirement income strategy: How a 90/10 rule could help a 65-year-old turn $600,000 into monthly incomeFor a 65-year-old with a traditional IRA of $600,000, adopting Warren Buffett’s 90/10 investment strategy is a practical choice. This appro...
- Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certaintyASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic ma...
- Firm It Up, Don't Junk It: India needs a more predictable capital gains tax regime to deepen equity marketsIndia's capital markets have seen significant changes, with millions of households participating in equity investing. The current tax frame...
- Alaska midterm election results: Is Nick Begich III winning? When will final results be declared?As the counting progresses for the US House of Representatives midterm election in Alaska, Republican Nick Begich III is currently in the l...
- Rap the app & knock on Nasdaq's doorIndian retail investors can now step into the US stock market using various innovative online platforms. Investment apps like Groww and Zer...
- $700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirsA US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerabl...
- A used Honda Civic: Why did Michael Jackson's estate claim his image was worth $2,105 in its fight with the IRS?The issue was all about how much Jackson's name, image, and likeness rights were worth when he died. Jackson's estate initially valued his ...
- Why Paris Jackson is seeking $600 million from Michael Jackson’s estate nearly 17 years after his deathParis Jackson has filed a petition for a $600 million transfer to the Michael Jackson Family Trust. She claims that the estate's executors ...
- Anthropic warns it’s close to self-building AI: Here’s why experts are worriedAnthropic has unveiled fresh financial details for its upcoming IPO, reaffirming its dedication to maintaining human oversight in AI develo...
- LTCG abolition may cost just Rs 40,000–50,000 crore, SBI estimates showSBI Research estimates that abolishing long-term capital gains (LTCG) tax would cost the government just Rs 40,000–50,000 crore in FY27, fa...
- US green card applications face new tax scrutiny; unpaid dues could affect approval and US citizenshipIn a move affecting green card applications, the US Citizenship and Immigration Services has altered its stance on tax compliance. Unpaid t...
- Why did a family ranch face an estate-tax hurdle over missing signatures? Here's how a paperwork dispute reached a US appeals courtThe case involved the estate of Malcom McAlpine Jr., who had left his interest in a family ranch to three discretionary trusts benefiting h...
- IRS is sending up to $5,000 per adopted child - could your family qualify?The IRS has started sending adoption tax credit refunds of up to $5,000 per child to eligible families. The payments target taxpayers with ...
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