The IRS is reminding taxpayers that checking tax withholding early in 2025 can help prevent costly surprises when filing their return in 2026. The agency recommends using its free online Tax ...

This will be the first time since March 2020 that borrowers who have either chosen not to or been unable to make their ...

LAHORE: A footwear manufacturer failed to defy a show-cause notice regarding collection of withholding tax. The taxpayer contended that the notice issued by the taxation officer was flawed as it ...

The IRS Tax Withholding Estimator, available for free at IRS.gov, helps taxpayers determine if they’re having the right amount of federal income tax withheld from their paychecks.

U.S. Rep. Rosa DeLauro (D-CT) wants to bring back the expanded child tax credit. The congresswoman is part of a delegation that introduced it as part of the American Family Act last week.

Tax Foundation President & CEO Daniel Bunn discusses the idea of the Trump administration changing the income tax withholding system on ‘The Will Cain Show.’ ...

The government has officially abolished the 10% withholding tax on lottery winnings. This move applies to all forms of games of chance, including gaming, betting, lotto, and similar activities.

The application under clause 395 is not limited to specified sections as it is there in existing section 197 of the Income Tax Act, 1961. Further, the current language of the proposed bill does not ...