Ex-owners of Show Low steakhouse accused of tax evasion

Former owners of a northeastern Arizona steakhouse are accused of forging their tax return and funneling restaurant funds ...

U.S. could adopt carbon tax under a Biden presidency, ex-Fed Chair Yellen says

Former Federal Reserve Chair Janet Yellen said bipartisan concern over climate change could see the United States adopt a tax on carbon emissions, with the proceeds shared with households, if Democrat ...

Bidencare or Trumpcare? Health plans will affect the U.S. economy differently

Democratic presidential candidate Joe Biden wants to expand the Affordable Care Act, President Barack Obama's signature healthcare legislation, and then name it after himself.

Trump’s education department is working to erode the public school system

ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like ...

NY AG Letitia James indicted on federal bank fraud, false claims charges

New York state Attorney General Letitia James was indicted Thursday by a federal grand jury in Virginia on charges of bank fraud and making false claims to a financial institution that netted her ...

IRS releases income tax brackets and standard deductions for 2026

The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
Tax Guru

Exemption u/s. 10(37) admissible on interest received on enhanced compensation

ITAT Chennai held that interest received on enhanced compensation forms part of the compensation and hence entitled for exemption under section 10(37) of the Income Tax Act and accordingly, not ...