The Latest Breaking News from Income Tax

Chancellor rules out raising national insurance, VAT or income tax but says ‘difficult decisions to come’ amid £22bn public finance shortfall

A bypass, or AB, trust splits into two trusts when one spouse in a married couple dies, cutting the estate taxes for beneficiaries.

Cabinet Office minister Pat McFadden left open the prospect of a string of tax rises apart from on VAT, income tax and National Insurance

There are many factors and types of taxes to consider no matter where you live or move to.

Certain business tax deadlines exist for estimated tax payments, payroll taxes, W-2 forms, information returns, and other returns and tax payments.

Individual income taxes made up 49% of federal revenue in FY 2023.

With S corporations, or S-corps, the profits and losses of the business go directly to the shareholders. Learn the special rules of this tax status.

For those opting for the new tax regime, the standard deduction for salaried employees to be increased from Rs 50,000 to Rs 75,000. Read further on Dynamite News:

Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to curiouskidsus@theconversation.com.

One of the UK’s largest taxpayers, billionaire quant trader Alex Gerko lost a legal dispute with British authorities over the tax treatment of a deferred payment plan. Appeal judges ruled that Gerko and other traders, while they were still running high-frequency trading strategies at GSA Capital Partners between 2010 and…

Party's youth wing will also debate abolishing income tax entirely.