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STANDARD DEDUCTION INCREASE
IRS 2027 tax changes: Millions of Americans could pay less tax as standard deductions rise, income brackets widen and child credits get biggerThe IRS has raised the standard deduction, widened federal income tax brackets and increased key family tax credits for 2027. The changes, ...
How contracting and construction companies can make a loss look like a profit and take investors for a rideA construction company can report profits even when payments remain uncertain. But disputed contracts, unbilled revenue, and potentially un...
Higher EPS pension: PMO examined higher pension matter and Rajya Sabha committee asked for report, says MP GopchadeAs of now, approximately 1.5 lakh applications for higher EPS pensions have been processed by the EPFO. A high-level PMO meeting is current...
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....
Group health insurance claims: 5 common claim deductions and disputes employees should know aboutMost group plans cover pre-existing diseases from day one, and individual employees are not medically underwritten. Barring a few exception...
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...
Dhanteras 2026: Buying gold today? Here's how to choose between jewellery, coins, ETFs and SGBsGold remains a popular Dhanteras purchase, but buying it for personal use is different from investing in it for returns. Physical gold, jew...
Do luxury townships really earn higher rents in Mumbai? Here's what buyers should checkMumbai's luxury housing market is experiencing increased interest in residential townships. But buyers should consider various factors impa...
Buying gold jewellery this Dhanteras? You need to pay 67% more on this fee - here's how your final bill will lookIn September 2026, just ahead of the start of the festive season, the Bureau of Indian Standards (BIS) had revised the hallmarking charges ...
How much will your Medicare premium rise in 2027 and how much of your Social Security raise will you actually keep?The standard Medicare Part B premium may go up by $6.60 a month next year. That is far smaller than the jump in 2026. Still, for people liv...
Odoo 20 strengthens business operations with deeper India-specific compliance featuresOdoo 20 has launched several updates designed specifically for Indian businesses. These updates focus on enhancing GST compliance, payroll ...
Is ₹3 lakh enough for your emergency fund if you have a home loan, children and ageing parents?As Netflix plans to cut jobs, the importance of an emergency fund becomes paramount for households facing financial uncertainty. Discover h...
Commuting to work? A $340-a-month pre-tax benefit could reduce your 2026 taxes, and your employer may already offer it to you right nowGetting to work just got a little cheaper. The IRS raised the monthly pre-tax transit cap to $340 for 2026. That lets workers set aside $4,...
Social Security 2027 COLA set to be announced tomorrow, October 14: Here are 10 things Americans need to knowSocial Security benefit increase October 14: Social Security’s 2027 COLA announcement is expected on October 14. Here are 10 key points abo...
Social Security’s 2027 raise could shrink before it arrives. How Medicare costs may eat into the $72 boostSocial Security’s 2027 COLA could rise by 3.5%, adding about $72 a month to the average retired worker’s benefit. But higher Medicare Part ...
Why a raise may not push you into a higher bracket in 2026: The IRS inflation adjustment trick that many taxpayers still overlook todayWhen you get a raise, it is easy to worry that a bigger paycheck will push you into a higher tax bracket and leave you with less money. For...
October 14 is the big day for Social Security’s 2027 COLA: What retirees need to know before the big announcement; will September inflation data shape your raiseThe Social Security Administration will announce the 2027 cost-of-living adjustment (COLA) on October 14 at 8:30 a.m. ET. The announcement ...
Married couples, take note: The $32,200 standard deduction in 2026 could shrink your taxable income before you even start itemizing nowThe Internal Revenue Service (IRS) announced tax adjustments for 2026, incorporating annual inflation updates alongside changes made under ...
Give without paying gift tax: The $19,000 annual exclusion is unchanged for 2026, and it lets you move money without gift tax this yearThe IRS announced major tax changes for 2026. Standard deductions increase to $16,100 for single filers and $32,200 for couples. The gift t...
Paying off student loans? Deduct up to $2,500 in interest on your 2026 return, but watch the income limits that could cut it off earlyStudent loan borrowers may get a valuable tax break in 2026. The IRS still allows eligible taxpayers to deduct up to $2,500 in student loan...