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HOW TO AVOID A SURPRISE TAX BILL
Expecting a bonus, stock compensation or property sale in 2026? Check your withholding before a surprise tax bill in 2027- Waiting on income? Deferring payments into next year could reduce your 2026 taxable income, but there is a catch you should know first
- At 14, Warren Buffett paid $7 in taxes. Today, his Berkshire empire pays $26.8 billion as he questions the rich’s tax burden
- 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 ...05 Oct, 2026, 08.12 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
- Own a rental property in 2026? You may be able to deduct property taxes - here’s what the IRS saysRental property tax deduction 2026: If you own a rental property in 2026, property taxes may be deductible as a rental expense. But the amo...05 Oct, 2026, 02.27 AM IST
- Turning 60? The IRS' $11,250 catch-up could boost your retirement savings in 2026 - here’s who qualifiesWorkers turning 60 to 63 in 2026 have a higher catch-up contribution limit for workplace retirement plans. This enhanced limit allows contr...04 Oct, 2026, 08.45 PM IST
- GST exemption for banks, nominated agencies for gold, silver imports may be withdrawnThe GST Council may end the IGST exemption on gold, silver and platinum imported by banks and nominated agencies, sources said. The exempti...04 Oct, 2026, 08.40 PM IST
- In 2015, Bill Gates backed a Seattle-based company that turned human waste into drinking water and Electricity. Now it has secured $500 million from investors, and earns nearly $100 million a yearThe Omniprocessor, developed by the Seattle-based Janicki Bioenergy with support from the Bill & Melinda Gates Foundation, came to the lime...03 Oct, 2026, 10.28 PM IST
- Homeowners, read this first: Mortgage interest and property taxes only help in 2026 if you itemize, and many are better off skipping itHomeowners may want to look twice before claiming mortgage interest and property taxes as tax breaks in 2026. Those expenses help only when...03 Oct, 2026, 05.49 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
- Max out your 401(k) in 2026: The $24,500 limit could quietly slash your tax bill before year's end, and plenty of workers still miss itThe 2026 401(k) employee contribution limit is $24,500. For a traditional 401(k), contributions generally reduce taxable income now, althou...02 Oct, 2026, 10.14 PM IST
- Own a small business? This 2026 tax deduction could reduce your taxable income by up to 20%Small business tax break 2026: Small-business owners could get a valuable tax break in 2026 through the qualified business income deduction...02 Oct, 2026, 10.05 PM IST
- Before you itemize, check this: 2026’s $16,100 standard deduction could beat your write-offsThe IRS has raised the 2026 standard deduction to $16,100 for single taxpayers, with higher amounts for married couples and heads of househ...02 Oct, 2026, 08.27 PM 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...02 Oct, 2026, 07.10 PM IST
- Bengaluru woman says man on a date asked for her LinkedIn instead of phone number: 'I don't want to invest time...'A 23-year-old Bengaluru woman says a man she met at an Indiranagar cafe asked for her LinkedIn profile instead of her phone number or Insta...01 Oct, 2026, 03.32 PM IST
- Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.01 Oct, 2026, 03.27 PM IST
- Could you claim full Social Security at 60? New bill targets blue-collar workers — here’s who may qualifySocial Security faces an impending financial wall. Most lawmakers looking at the math suggest raising the retirement age to keep the trust ...30 Sep, 2026, 07.30 PM IST
- NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limitWhen it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications ...30 Sep, 2026, 10.42 AM IST
- Horoscope Today, September 27, 2026: Pitru Paksha Begins as Aries Reviews Finances, Taurus Gains Through Networks and Gemini Turns Ideas Into GrowthThe Moon in Pisces highlights intuition, internal review, and quiet background preparation, while Mercury and Venus in Libra boost smooth c...27 Sep, 2026, 01.59 AM IST
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