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How the IRS no-tax-on-tips rule works and who can benefit
The IRS 'No Tax on Tips' rule under the One Big Beautiful Bill Act provides a tax deduction for qualified tips, helping ...
The Tax Cuts and Jobs Act of 2017 (TCJA) temporarily reduced individual income tax rates, decreasing, for example, the top ...
"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...
ISLAMABAD: The Federal Board of Revenue on Monday rejected reports of an extension in the deadline for filing income tax ...
The Income Tax department is working on new rules and forms under the Income-tax Act, 2025, which will be notified by December-end to ensure a smoother, simpler process for taxpayers.
Internal Revenue Service reminds taxpayers that inheriting a retirement account, such as an IRA or 401(k), could come with ...
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