The Department of Financial Services clarifies the tax implications of the UPS scheme, including family pensions, partial withdrawals, and monthly payouts. Withdrawals up to 60% of the corpus at ...

Rachel Reeves is under growing pressure to break one of her most high-profile promises: not to increase income tax.

Accountants have sounded the alarm for small business owners, warning that sloppy record-keeping and overlooked deductions could lead to penalties and lost savings at tax time.

The tax break for tipped workers, worth up to $25K in 2025, sounds straightforward but doesn't apply to all tips or all jobs and occupations.

Rachel Reeves and Keir Starmer’s chief secretary have given the strongest hint yet that manifesto commitments not to raise taxes on working people could be broken in November’s Budget – with average ...

The federal government shutdown continues as Democrats and Republicans clash over health care policy and tax credits, with no votes scheduled due to Yom Kippur.

Alerian MLP ETF offers exposure to US-based oil & gas infrastructure MLPs, providing an attractive 8.2% dividend yield. Click here to read my analysis of AMLP.

Ministry of Finance releases FAQs on tax treatment under Unified Pension Scheme (UPS), outlining deductions, exemptions, and retirement withdrawal ...

The contrast with the old Income-Tax Act is stark. The 1961 law ran into 512,000 words; the 2025 one pares that down to 259,000. Chapters have been cut from 47 to 23, while sections have reduced from ...

We asked ChatGPT 5 to reimagine the U.S. tax system. It gave us new poverty guidelines, progressive brackets, fair corporate rates & smarter capital gains rules.

As 2025 winds down, many Americans are turning their attention toward what the IRS has in store for 2026. One of the biggest financial questions: how much will inflation and recen ...