The Latest Breaking News from Income Tax

Latest HMRC data also shows retired baby boomers paying greater amount in income tax than working people under 30

There were 5.1 million higher-rate taxpayers in 2022-23, according to the latest figures supplied by HMRC.

Several tax changes are happening that can impact how your retirement income is taxed at federal and state levels.

Mervyn King says there is ‘no harm’ in raising the basic rate of income tax as he urged Rachel Reeves to act over ‘silly things’ said before the election

The Earned Income Tax Credit was designed to help low- to moderate-income working individuals and families, but many don’t even apply for it.

Roundup of fact checks from the last week compiled by Full Fact.

A new tax law lands Iowa among the top ten states with the lowest income tax rates.

The Supreme Court on Thursday granted a week’s interim protection to NewsClick against tax recovery demands over “unexplained cash credits”, LiveLaw reported. The court, however, dismissed a writ petition filed by PPK Newsclick Studio Pvt Ltd, the company that runs the news portal, and asked it to approach the Delhi…

South Africa’s finance minister, Enoch Godongwana, cancelled the unveiling of the country’s 2025 budget as it was due to be released. The move is unprecedented in the country’s history.