Winnings from lottery, online gaming, online sports betting, etc., are considered casual income for income tax purposes, as ...

The CBDT has notified the ITR-2 form for FY2024-25, effective from April 1, 2025, which will be applicable to the majority of ...

The Income Tax Department has made key changes to the form, aiming to simplify tax filing and reduce unnecessary ...

Understanding the taxable portion of your Social Security benefits is crucial for effective financial planning. As you ...

The IRS provides several options for tax forgiveness, including an approved payment plan, an offer in compromise and spousal ...

No one wants to pay more tax than they owe. Building a tax-efficient retirement paycheck means weighing options, running ...

Many workers worry that earning more, through a raise or bonus, could push them into a higher tax bracket and actually reduce ...

This story is part of CT Mirror Explains, an ongoing effort to distill our wide-ranging reporting into a "what you need to know" format ... or the total value of taxable property in town.

But don't assume you'll get to collect those monthly Social Security checks tax-free. There's a good chance you'll end up ...

Backdoor Roth IRAs: If you exceed income limits for direct Roth IRA contributions, you can convert after-tax dollars into a ...

The tax rules allow qualifying free zone companies (called QFZPs) to continue enjoying a 0 percent tax rate if they meet ...