Conclusion: Since cooperative banks were considered cooperative societies for the purpose of Section 80P (2) (d), thereby making assessee’s interest and dividend income eligible for deduction. Such ...

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation ...

The IRS also released updated numbers on several other tax markers, including the standard deduction, which rose $400 from ...

For single taxpayers and married individuals filing separately, the deduction is rising to $15,000 — up $400 from 2024.

While the top tax rate of 37 percent remains unchanged, it will now apply to individuals earning more than $626,350 for ...

The Internal Revenue Service just set its levels for income-tax brackets and a commonly-used deduction that Americans will ...

For 2025 tax returns, the standard deduction will increase by $400 from 2024 for single taxpayers and some who are married ...

This time there was no council discussion and only two speakers on the initiatives during public comment before the council ...