IRS employees accept OPM federal worker buyout. How could the 2025 tax season be affected?
About 75,000 federal workers took a buyout deal from the Trump administration. The terms are different for some IRS employees. Learn more here.
Explícame on MSN14h
5 credits that increased this 2025: IRS
In 2025, the IRS increased several key tax credits, providing taxpayers with greater opportunities to save. Whether you’re a ...
You could see this tax form for the ‘first time ever' this season, taxpayer advocate says
You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.
Canada5d
Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...
Mint13d
NO income tax till ₹12 lakh: A look at the new tax slabs vs. current tax slabs
Income Tax 2025: Nirmala Sitharaman’s 2025 ... Old Tax Regime: Offers greater flexibility with exemptions and deductions (e.g., HRA, LTA, etc.), but the tax rates are comparatively higher.
Indiatimes13d
How to pay zero tax in new tax regime: 2 deductions salaried taxpayers can claim to reduce taxable income to Rs 12 lakh
Shalini Jain, Tax Partner, EY, breaks down the key announcements, comparing the new tax slabs with the old, and shows you how much you can save based on your income level. There is no hike in the ...
Mint13d
Revised Income Tax Slabs: How much money will you save in the new regime post Budget 2025? Here’s the math
even when deductions under Sections 80C, 80D and 24 (b) are claimed under the normal tax regime. Under Budget 2025, the Section 87A rebate will no longer apply to income taxed at special rates.
India TV13d
Budget 2025: How much benefit will you get due to new Income Tax slabs? Explained
Image Source : PIXABAY Budget 2025, Income Tax Slabs ... be Rs 12.75 lakh rupees for them (with Rs 75,000 being standard deduction). Sitharaman said "To tax payers up to Rs 12 lakh of normal ...
Indiatimes13d
Has Standard Deduction of Rs 75,000 from salary, pension income increased in Budget 2025?
However, hopes of the middle class have been dashed. ET Online Currently, salaried persons and pensioners can claim a standard deduction of Rs 75,000 from salary and pension income, respectively, ...
India Today13d
New Income Tax Bill next week, will focus on easing taxpayer convenience: Finance Minister
Finance Minister Nirmala Sitharaman said that a new income tax bill will be announced next week. The bill would reflect the government’s decade-long efforts focused on enhancing taxpayer convenience.
Hindustan Times13d
What is standard deduction in income tax and who is eligible?
Standard deduction is a flat amount which is automatically deducted from an individual's annual income. This reduces the total taxable income and therefore, lowers the tax liability.
abp LIVE13d
What Is Standard Deduction Benefit In New Tax Regime That Helps Raise Income Tax Slab?
The salaried class will be shielded from paying income tax up to Rs 12 lakh per annum. The relief is enhanced effectively up to Rs 12.75 lakh when the standard deduction is considered. So what is this ...