Explains how the new tax code replaces the 1961 Act with simpler rules and fewer exemptions. The key takeaway is a clearer, taxpayer-centric framework effective from April ...

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. Members of Elon Musk's Department of Government ...

The release was not spontaneous, nor was it a leak, as the IRS had already been considering releasing the code as a way to demonstrate a commitment to public trust and enable independent assessment of ...

Direct taxes: The upcoming Union Budget 2025-26 in India is expected to bring about a new era of tax simplification, with the Finance Ministry focusing on comprehensive reforms to streamline the ...

NEW DELHI, Aug 30 (Reuters) - India's government on Monday introduced a bill in parliament to overhaul its archaic direct tax laws, a key reform aimed at simplifying procedures for investors and bring ...

Budget 2026 will be the first major exercise under the Income Tax Act, 2025, replacing the 1961 law. Learn how new tax slabs, exemptions, and compliance rules will impact taxpayers from April 1, 2026.

The Inflation Reduction Act created a pilot program that’s finally given Americans a free and easy way to file their federal taxes with the government, and it’s getting rave reviews. Cindy Black of ...

In the weeks leading up to the Trump administration’s decision to kill Direct File, Merici Vinton held out a sliver of hope that the IRS’s free electronic filing tool would be spared. After all, Elon ...

A hot potato: Before the new Trump administration took office, the IRS had been working to modernize its aging technology infrastructure and implement major changes aimed at improving the taxpayer ...