ITR filing AY 2026–27: How to calculate your taxable income under old and new tax regimes

When filing your ITR, the first step is to calculate your taxable income. Taxable income is the portion of your total income ...

Govt Approves New Faceless Tax System to Reduce Corruption and Harassment

The government has approved in principle a plan to introduce a centralized digital tax operating model under which audits and ...

FBR Plans New Tax Scheme for Small Traders and Shopkeepers in Budget 2026-27

The Federal Board of Revenue (FBR) has prepared a new simplified tax scheme for small traders and shopkeepers, which is ...
City & State New York

Here’s what’s in the FY 27 New York state budget

It’s 57 days late, but New York finally has a budget for fiscal year 2027. Lawmakers late Wednesday adopted the final measures of the state budget – the latest in 16 years – as Gov. Kathy Hochul ...
The New York Times

The Simple Answer to Taxing the Rich Is the Best Answer

Mr. Liscow is a professor at Yale Law School. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los resultados de búsqueda. Add The New York Times on GoogleAgrega ...
Newsweek

Jeff Bezos Backs Mamdani’s New Housing Tax: ‘Makes Sense’

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Jeff Bezos endorsed New York City’s proposed pied-à-terre tax on second ...
JD Supra

What New York City’s Pied-à-Terre Tax Proposal Could Mean for LLC-Owned Luxury Homes

New York’s proposed pied-à-terre tax is aimed at ultra-wealthy, high-value, second homes, but its practical impact may depend less on the property itself, and more on how the property is owned. For ...
CNBC

Jeff Bezos says bottom half of earners should pay zero in income taxes

Income tax paid by lower earners is "a small amount of money for the government," Amazon Executive Chairman Jeff Bezos told CNBC's Andrew Ross Sorkin on Wednesday. The bottom half of taxpayers had an ...
The Real Deal

New York eyes tax on $1M+ all-cash home purchases

New York legislators are weighing a new tax on all-cash home purchases over $1 million. Under the proposal, buyers would be on the hook to pay 1 percent of the purchase price to cover the levy, ...
New York Post

Hochul’s budget to bludgeon even more New Yorkers after details of controversial NYC second-home tax revealed

They’re flooding the market. The trigger point for a controversial new tax on luxury second homes in New York City could be lowered from $5 million to $1 million of a property’s assessed value — ...
Spectrum News NY1

New second home tax also opens door to future city property tax structure overhaul

After promising to deliver millions of dollars to help balance Mayor Zohran Mamdani’s city budget, Gov. Kathy Hochul on Thursday released details of her new second-home tax that could apply to 10,000 ...
Wall Street Journal

New York Governor Says Fewer Second Homes to Pay Pied-à-Terre Tax Under New Proposal

New York Gov. Kathy Hochul revealed new details about her proposal to tax New York City’s second homes, including that she expects fewer homes would be subjected to this pied-à-terre tax than her ...