As Congress sends its latest tax proposal to President Donald J. Trump, both the House and Senate versions of the One Big ...

The Senate also pulled out a change to the Pell Grant program, which provides federal aid to low-income students to attend colleges and universities. Right now, students are considered full time and ...

Here's what it would look like for Iowa if those policies become law as part of reconciliation bill in Congress ...

The GOP bill adds hurdles for EITC recipients, hitting low-income families hardest while preserving tax breaks for the rich.

President Trump's budget bill could make it much harder for working families to claim their biggest tax refund. The changes ...

The parliamentarian ruled that a provision making it easier to get silencers and certain types of guns is irrelevant to the ...

Gov. Phil Scott signed a bill on Wednesday aimed in part to make Vermont a more attractive state for military retirees.

ITAT Kolkata held that filing of Form No. 67 is directory and no mandatory and the credit for foreign taxes cannot be denied for mere delay in filing the Form No. 67. Accordingly, appeal of the ...

The new bill establishes a full tax exemption on military pensions for retirees earning less than $125,000 annually.

Governor Scott: Good afternoon, thanks for being here. Over the last few years Vermonters have felt the impacts of inflation and higher costs in many areas, making it harder for those looking to ...

ITAT Bangalore held that the interest income received by way of mandatory / statutory deposits would also eligible for deduction u/s. 80P(2)(a)(i) of the Income Tax Act by treating the said income as ...

However, if one spouse claims REPS, you can deduct $150,000 from your $250,0000 income, meaning you'll only be taxed on $100,000, which can result in a significant difference in tax liability.