ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the rate of advance income tax on purchase and ...

Congress passed the "big, beautiful bill" Thursday, cementing federal income tax cuts President Donald Trump championed during his first term.

The non-filers or unregistered overseas Pakistanis have been given the status of "filer" for the deduction of withholding tax on buying and selling of ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

If not extended, the nonpartisan Tax Policy Center found that people earning between $66,800 and $119,200 would pay an additional $1,380 in federal income tax in 2026 if the GOP measure dies.

Now that President Donald Trump has signed the “big beautiful” bill into law, experts weigh in on the tax relief some seniors may expect to see.

The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

New tax breaks on tip income and overtime pay will go into effect in 2025, part of the megabill that President Trump signed into law on July 4. But some workers may not see any benefit.

President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.