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The Latest Breaking News from Income Tax

Pensioners would get a £2.4bn income tax break under the Tories, Sunak to vow

The new ‘triple lock plus’ would ensure pensioners’ tax free allowance rises in line with the highest of earnings, wages or 2.5%.

The Independent UK

Starmer to say he’s ‘changed’ Labour as party rules out raising income tax or NI

Leader targets swing voters in Kent and Essex while shadow chancellor makes vow on taxes and spending

The Guardian - UK

Labour vows no rise in income tax if it wins next election

Rachel Reeves vows no national insurance or income tax hikes if party wins election

Evening Standard

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Rachel Reeves says Labour would not return country to austerity

Shadow chancellor rules out income tax and national insurance rises and says manifesto will have no unfunded proposals

The Guardian - UK

Reeves: No income tax or national insurance rises if Labour win General Election

The shadow chancellor also failed to rule out public spending cuts when challenged on her plans.

Evening Standard

Income Tax seize Rs 26 crore cash after raids against Nashik-based jewellers

The Income Tax Department has launched searches on Maharashtra's Nashik-based Surana Jewellers in response to alleged undisclosed transactions by its proprietor. Read further on Dynamite News:

Dynamite News

Medicare Tax: Five Things Every Worker Needs to Know for 2026

It's important to know how Medicare tax works.

Kiplinger

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Income Tax Department officer duped of ₹48.9K in online reward points fraud

A 48-year-old IRS officer with the Income Tax Department lost ₹48,902 to an online reward points fraud.

The Hindu

No data loss due to fire at CR building: I-T dept

Income tax department confirms no data loss in fire at CR Building, ITO; mourns loss of official.

The Hindu

Marithibbe Gowda declares personal assets worth ₹4.28 crore

Marithibbe Gowda, a four-time MLC seeking re-election, declares assets worth ₹4.28 crore, with no income tax returns filed.

The Hindu

Delhi: One dead after fire breaks out at CR building in ITO

One person has been killed after a fire broke out on the third floor of the Central Revenue Building located at the Income Tax Office (ITO) area in the national capital on Tuesday. Read further on Dynamite News:

Dynamite News

Brace for Big Tax Hikes in 2026 Unless Congress Acts

The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.

Reason

File By May 17 for $1 Billion in Unclaimed IRS Tax Refunds

Unclaimed tax refunds from years ago are waiting for millions who might not know it. Are you one of them?

Kiplinger

Florida ranks last in teacher pay across U.S.; DeSantis administration calls report 'bogus'

The state's Department of Education claims the report does not consider "cost of living and state income tax"

Latin Times

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Dynamite News

CBI arrests income tax official for accepting bribe of Rs 4 lakh in Mumbai

The Central Bureau of Investigation (CBI) has arrested an income tax officer for allegedly accepting a bribe of Rs 4 lakh from an individual in Mumbai, an official release said on Saturday. Read further on Dynamite News:

Kiplinger

Biden's Plans to Impose an Income Tax on Death

The president has proposed a new taxing regime that would make death an income tax realization event for wealthy decedents.

The Hindu

Seizure of ₹1 crore: ‘Money was taken to bank on direction of I-T department’, says CPI(M) Thrissur district secretary

Seizure of ₹1 crore: ‘Money was taken to bank on direction of I-T department’, says CPI(M) Thrissur district secretary M.M. Varghese

Motorsport

Why do so many F1 stars live in Monaco?

Sponsored by Monaco is considered home for almost half of the 20 drivers on the current F1 grid as well as Mercedes team boss Toto Wolff but there are more reasons than just the huge tax-free benefits that draw them there. One of the world's smallest nations, Monaco has a…

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Evening Standard

London and South-East hit with record £100billion income tax grab as changes bite

EXCLUSIVE: Londoners paid £59.3billion to the Treasury annually and South-East residents £41.4 billion, according to HMRC figures

Kiplinger

Georgia Has a New 2024 Income Tax Rate

Georgians now have a tax package containing income tax cuts, childcare relief, and potential property tax caps.

Kiplinger

Nine Lessons to Be Learned From the Hilton Family Trust Contest

Disclaimers, good communication, post-marital agreements and more could help avoid conflict in a family after the owners of a wealthy estate pass away.

Reason

This Tax Week, Remember That the Federal Income Tax Is Relatively New

There are many pervasive myths about the U.S. tax code. Here are a few.

The Hindu

Sitaram Yechury interview | ‘Why is ED not using PMLA in open-and-shut electoral bonds cases?’

Sitaram Yechury campaigns for Left candidate in Kannur, discusses BJP narrative and CPI(M) prospects in elections.

The Hindu

Excise Department raid leads to huge cash find in Dharwad

Excise Department raid in Dharwad uncovers crores in cash stored illegally, prompting investigation by Income Tax Department.

Top News

President Biden And First Lady's Tax Returns Released

President Biden and first lady Jill Biden release 2023 tax returns, showing income, taxes paid, and charitable contributions.

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