Donald Trump is considering an 18.4-cent gas tax cut, but will the savings reach your wallet?Trump’s proposal could offer some relief as prices climb. But the savings would likely be modest. Drivers may save a few dollars each time ...
07 Oct, 2026, 06.28 PM IST
Tax credit vs deduction in 2026: How a $20,000 credit could cut a $50,000 tax bill to $30,000IRS tax credit and deduction explained: A tax credit and a tax deduction can both lower your tax burden, but they work differently. Here’s ...
07 Oct, 2026, 04.44 AM IST
Business owners, check this now: Group health premiums are fully deductible in 2026, and many owners still overlook these savings todayBusiness owners reviewing 2026 taxes shouldn't overlook employee health benefits. Group health insurance premiums are fully deductible, whi...
06 Oct, 2026, 09.39 PM IST
Tax-exempt diesel expanded for wider access as Donald Trump signs special executive order in Nebraska. How will it benefit Americans?Diesel price in USA: G7 countries announced last week that they would release 100 million barrels of diesel, after pressure from US Presid...
06 Oct, 2026, 09.29 AM IST
Got a high-deductible plan? How to maximize your $4,400 HSA limit and unlock 3 tax advantages in 2026Health savings accounts (HSA), offer three significant tax advantages for qualified expenses related to medical care. Individuals can contr...
06 Oct, 2026, 05.50 AM IST
Waiting on income? Deferring payments into next year could reduce your 2026 taxable income, but there is a catch you should know firstIf you’re self-employed and expect a lower income next year, delaying eligible payments until January could reduce your current-year taxabl...
05 Oct, 2026, 10.39 PM IST
Think your Roth IRA lowers your taxes this year? It doesn't, because contributions aren't deductible, and here is who should use it nowMany small business owners fund a Roth IRA expecting an immediate tax break. That calculation is flawed. Roth IRAs run on after-tax income....
05 Oct, 2026, 06.50 PM IST
Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...
05 Oct, 2026, 06.46 PM IST
Orient Cables shares make electrifying debut, list at 65% premium over IPO priceThe Rs 552-crore Orient Cables IPO was a book-built issue comprising a fresh issue of 1.18 crore shares worth Rs 320 crore and an offer for...
05 Oct, 2026, 09.57 AM IST
AI compute financing needs bankable contracts, lender exit rules: industryThey highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaA...
05 Oct, 2026, 06.00 AM IST
Next-gen GST: Taking India's reform journey forwardThe new GST framework in India aims to streamline compliance processes while lowering tax rates, contributing to enhanced economic stabilit...
05 Oct, 2026, 12.43 AM IST
Two-wheelers, commercial vehicles set to outperform passenger cars in FY27: ReportIndia's auto industry, excluding tractors, is showing steady growth with two-wheelers and commercial vehicles leading. Passenger vehicle sa...
04 Oct, 2026, 12.08 PM IST
Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters hereThe baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the ca...
03 Oct, 2026, 07.00 PM IST
India should tax capital income, not wealth or inheritance: Economist Daniel WaldenstromIndia should focus on taxing capital income, such as corporate profits and dividends, to address inequality. Economist Daniel Waldenstrom s...
03 Oct, 2026, 02.21 PM IST
Self-employed? An S-Corp election could slash your self-employment taxes in 2026, and here's what smart business owners are doing todayFor self-employed owners, the biggest 2026 tax decision may not be another deduction. It could be how the business is structured. An S-Corp...
03 Oct, 2026, 12.31 AM IST
Many Americans overlook this: The new $7,500 IRA limit is one of the simplest ways to save on taxes in 2026, and it is still open todayThe 2026 tax rules quietly give retirement savers more room to plan. The IRA contribution limit has climbed to $7,500, while 401(k), 403(b)...
02 Oct, 2026, 11.11 PM IST
Under-the-counter cash gold sales boom in India as high prices and taxes biteHigh gold prices, combined with higher taxes, are encouraging more buyers to engage in cash transactions. This trend allows buyers to save ...
30 Sep, 2026, 12.01 AM IST