Social Security benefits are still taxed in these 8 US states in 2026: Check if your retirement income is at risk and whether you qualify for exemptionsWhen it comes to taxes, every state has its own way of doing things. Some states give certain income or age groups a break, while others lo...
13 Oct, 2026, 02.01 AM IST
In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
12 Oct, 2026, 11.39 PM IST
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 ...
12 Oct, 2026, 06.49 PM IST
GST reforms: What changes in compliance, input tax credit, refunds and litigation from 2027The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies. To curb cascading tax, ease working ca...
12 Oct, 2026, 01.09 PM IST
GST reforms: 38,700 exporters to get faster refunds, wider access to input tax creditsNearly 38,700 export taxpayers will become eligible for cash refunds on input taxes paid on services and plant and machinery under GST refo...
10 Oct, 2026, 03.55 PM IST
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to IndiaGST reforms treating contract manufacturing for foreign principals as exports could boost India’s appeal as companies relocate parts of the...
10 Oct, 2026, 03.54 PM IST
GST reforms 2026: Employers get ITC on employee health, life insurance premiumsThe GST Council has recommended allowing employers to claim input tax credit on GST paid for health and life insurance policies taken for e...
10 Oct, 2026, 03.54 PM IST
When do you need a tax residency certificate to claim lower tax rate under DTAA for Tax Year 2026For Indians earning income from overseas, securing a tax residency certificate is essential to avail benefits under the Double Taxation Avo...
10 Oct, 2026, 01.26 PM IST
This $2,000 IRS tax credit can help pay for college in 2026, but there's an income catchTaxpayers pursuing education may benefit from the Lifetime Learning Credit for eligible expenses incurred. This credit covers 20% of up to ...
09 Oct, 2026, 08.39 PM IST
Govt withdraws key bank tax benefit on gold, silver and platinum importsThe Indian government did not extend a tax benefit for banks on imports of gold and other precious metals and they have been paying a 3% in...
09 Oct, 2026, 11.24 AM IST
Good news for employees: Input Tax Credit on group health and life insurance allowed; Know how it employeesNow GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it he...
09 Oct, 2026, 11.21 AM IST
No rate cuts, but big GST relief: 8 reforms on refunds, ITC, registration and enforcement | ExplainedThe GST Council has approved a sweeping process overhaul, easing registration, speeding up refunds, widening input tax credit and reducing ...
08 Oct, 2026, 06.33 PM IST
GST winners 2026: No rate cuts, but small businesses, exporters and taxpayers have plenty to gain. Here's howGST Reform Winners 2026: The GST Council has greenlit key reforms intended to simplify compliance for businesses across the board. Small bu...
08 Oct, 2026, 06.20 PM 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...
07 Oct, 2026, 04.19 AM IST
Skip the raise? Some employers are boosting health benefits instead to save on payroll taxes in 2026, and workers are taking notice nowPayroll taxes make wage increases expensive for small businesses. To cut tax overhead in 2026, many employers are expanding health coverage...
06 Oct, 2026, 10.32 PM 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
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