Ask the Editor, October 24: What Medical Expenses are Deductible?
In this week's Ask the Editor Q&A, Joy Taylor answers questions on the tax deduction for medical expenses, from Medicare premiums to teeth whitening.| Latest from Kiplinger
In this week's Ask the Editor Q&A, Joy Taylor answers questions on the tax deduction for medical expenses, from Medicare premiums to teeth whitening.| Latest from Kiplinger
Introduction The Income Tax Department recently imposed a substantial penalty totaling ₹23.07 crore on ACC Limited, one of India’s leading cement manufacturing companies currently owned by the Adani Group. This enforcement action involves two separate penalty orders pertaining to Assessment Years 2015-16 and 2018-19, both predating the company’s acquisition by the Adani conglomerate.[1] The penalties […] The post Income Tax Department Imposes ₹23 Crore Penalty on ACC Limited: A Comp...| Bhatt & Joshi Associates
Estimates from the Congressional Budget Office, released Thursday, offer a detailed view into the effects on income groups.| www.nytimes.com
Art Laffer drew a curve on a napkin in 1974 that he said proved that tax cuts would pay for themselves. This is sometimes right, and sometimes wrong – and it’s a mistake to just assume the answer without looking at the evidence. This article, written to accompany the first episode of Untaxing, looks at […]| Tax Policy Associates Ltd
It’s often claimed that tax cuts will “pay for themselves”. There’s good reason to believe that some historic tax cuts have done precisely this – what does that tell us about proposals for tax cuts today? And what does history tell us about the potential to increase revenues by raising tax on the highest earners? […]| Tax Policy Associates Ltd
Updated polling evidence from Tax Policy Associates and WeThink shows that half the public doesn’t understand a basic principle of income tax: the way that tax rates apply to income above a threshold. Half of voters believe that, once you hit the higher rate threshold, the 40% higher rate applies to all your earnings. The […]| Tax Policy Associates Ltd
Conservative Party proposes to re-introduce age related income taxation for pensioners| TaxWatch
Learn the differences between restricted and unrestricted shares in the UK, their tax impact, and what employers and employees should know.| LegalVision UK
Elon Musk’s rocket company relies on federal contracts, but years of losses have most likely let it avoid paying federal income taxes, according to internal company documents.| web.archive.org
Top earners and higher-rate taxpayers in the UK can mean getting caught in the 60% tax trap. Our tax expert shares tips on mitigating this.| Progeny
Policy wonks on both sides of an upcoming debate in the General Assembly over whether to eliminate Georgia's income tax are advocating a cautious approach.| The Georgia Sun
China’s R&D super deduction policy allows eligible companies to deduct double of their qualifying R&D expenses from taxable income, fostering innovation and reducing corporate income tax obligations. Background Initially launched in 2008, the policy has evolved to relax definitions and extend benefits to wider enterprise categories. In 2023, the super deduction rate was officially extended […] The post China’s R&D Super Deduction Policy appeared first on S.J. Grand.| S.J. Grand
During the 2025 State Legislative Session, lawmakers passed House Bill 594, which exempts capital gains from income tax, making Missouri the only state in the nation that levies an individual income tax that does not also tax capital gains.[i] Capital gains are income generated from the profits individuals and businesses make on stocks, cryptocurrencies, real estate and other valuables. The exemption is expensive and will reduce state general revenue by at least $341 million and likely in exc...| Missouri Budget Project
Plus, how proposed U.S. tax bill would affect clients’ U.S.-source income| Advisor.ca
In February, President Trump said that tariffs would generate so much income that Americans would no longer need to pay income taxes. The latest plan, according to U.S. Commerce Secretary Howard Lutnick, is to abolish income taxes for people who earn less than $150,000 yearly. That move would affect roughly 75% of workers, according to U.S. Census Bureau data. On its […]| WEB OF DEBT BLOG
Learn how capital gains are taxed and how to avoid paying more taxes than necessary when selling your assets.| MoneySense
We have everything you need to know about tax credits, changes and deadlines, and more. Get the info you need to prep and file your 2024 income tax return.| MoneySense
Whether Parliament is prorogued or dissolved, the agency generally continues to administer proposed legislation| Investment Executive
Did you over-contribute to your RRSP? Don't PANIC if you did! You can fix it and there is a process to fix it. I went through it and will show you.| Dividend Earner
Confused about the available investment accounts? The initial step to choose an account is to understand the income tax treatment of the accounts offered.| Dividend Earner
What happens to Canadian income tax return when you are financially independent retired early and living off your investment income only? (i.e. dividend income)| Tawcan
Calculate your income tax with us. Our guide will help you to understand step by step income tax calculation properly | Experlu| Experlu
The new home of Brian McGlinchey’s independent journalism is Stark Realities with Brian McGlinchey, a Substack newsletter. →→ Visit Stark Realities with Brian McGlinchey: Invigoratingly unor…| LibertyMcG
We use data on the distribution of capital gains income across and within income groups to simulate the impact of reforms to increase capital gains tax rates. Readers can use our online tool to explore different possible reforms. A reform that targeted only the highest capital gains income amounts would affect very few families, while raising substantial revenue, and increasing fairness in the tax system.| Finances of the Nation -
This commentary, an executive summary of a full report. considers the case for increasing taxes on capital gains in Canada and the implications for the upcoming reform of the alternative minimum tax (AMT), slated for release in the 2023 federal budget.| Finances of the Nation -
