2026 Tax Brackets Could Lower Your Bill -Here's What Changed

Learn how the IRS updated 2026 tax brackets and thresholds, what's new compared with 2025, and smart ways to plan your taxes ...

Understanding Tax Deductibles: Common Deductions Explained

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

‘Too many’ Americans struggle to understand basic tax concepts. Here’s why it’s a problem

Many Americans struggle with federal income tax in particular, she said. This is reflected in the National Tax Literacy Poll, ...

Why income tax refunds are stuck for so many, and why taxpayers are worried about new December 31 deadline

Income Tax Refund Status, Risk Management for AY 2025-26 Explained: The messages and e-mails from the Income Tax Department, ...

Got income tax alert for filing revised ITR before 31 December? Step-by-step process explained

While filing ITR initially, taxpayers can often overlook certain things or make mistakes. However, the mistakes in the ITR ...

Factor Income Explained: Understanding Rent, Wages, and Profit

Discover how factor income, from rents, wages, and profits, impacts GDP and GNP. Learn its role in income distribution and ...
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Income tax rules explained: Can you claim exemption on long-term capital gains from selling a commercial property?

Many taxpayers are unsure about how long-term capital gains (LTCG) from the sale of a commercial property are treated under the Income Tax Act. A common question is whether the tax exemption available ...