What is Tax Liability? Understanding Your Financial Obligations
Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax ...
3 Things Your Tax Refund Can Tell You About Your Finances (And What To Do About It)
Your tax refund -- or lack of -- can tell you a lot about your finances. It may feel great to get a big tax refund, but it doesn't mean it's better. Explore More: 6 Reasons Your Tax Refund Will ...
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IRS clarifies why some Child Tax Credit refunds may be delayed
The IRS has specific guidelines that may affect when you see that money in your account, especially if you're claiming the additional child tax credit.
Should you get a tax refund? Here's what to know about withholdings, estimated payments
Many people have heard the old advice not to give an interest-free loan to the government, but getting a tax refund isn't ...
The Tax Strategies Entrepreneurs Need To Know When Selling A Business
If you’re preparing for a business sale, start tax planning early. A well-structured tax strategy can save millions of ...
Missed advance tax deadline? To avoid another interest charge you must pay off any remaining advance tax liability before March 31
Incase you have missed the advance tax deadline of March 15, 2025 for FY 2024-25 then don't worry at once pay it off before March 31, 2025. If you don't pay it then interest under Section 234C will be ...
What Are the Tax Rates for the Alternative Minimum Tax (AMT)?
The Alternative Minimum Tax (AMT) is a parallel income tax system designed to ensure that high-income individuals pay a ...
Tax Write-Off vs. Tax Deduction vs. Tax Credit: What’s the Difference?
While deductions and credits can both positively impact your tax bill, credits can have the most influence. With a deduction, you are only reducing the amount of income subject to tax, but a credit ...
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How to Use the Foreign Tax Credit to Offset AMT
The foreign tax credit can help mitigate the impact of the alternative minimum tax (AMT) for taxpayers with income taxed abroad. While the AMT limits certain deductions and credits, it does allow a ...
Why a popular tax break that helped Philadelphia’s small businesses may be going away
Philadelphia has effectively exempted companies that make less than $100,000 from business in the city from paying the ...
Bachchan’s tax liability for this financial year is 69 per cent higher than the previous financial year
Bollywood superstar Amitabh Bachchan earned Rs 350 crore during the 2024-25 financial year, of which he paid Rs 120 crore as ...
New vs Old Tax Regime Calculations: What will be your tax liability on salary of Rs 7.50 lakh, Rs 15 lakh, Rs 22.5 lakh or Rs 30 lakh?
Do you follow the new tax regime or the old tax regime? Will you switch to the proposed new tax regime once it is implemented ...