THE Bureau of Internal Revenue (BIR) recently issued Revenue Memorandum Circular (RMC) 81-2025 reiterating and providing additional guidelines for deductions from gross income for income tax purposes.

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

What is “middle-class”? Although definitions might vary, the Pew Research Center might have an answer. A recent Pew report found that a family of three could be considered in the “middle” of upper and ...

The 2025 tax landscape has changed due to the GOP tax and spending law, referred to by some as the “big, beautiful bill,” signed by President Trump on July 4, 2025. This multibillion-dollar ...

The Income-Tax Department is cracking down on fraudulent tax exemption claims, estimated at ₹700 crore, leading to potential refund delays, especially for claims over Rs 10 lakh. Discrepancies include ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

Starting in 2025, American riders have a unique chance to pair a new Harley-Davidson with a major financial perk. A new federal law allows qualified buyers to deduct up to $10,000 each year in ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

Delays in tax refunds are avoidable with proper documentation and timely compliance. Many taxpayers have taken to social media to express frustration over delayed income tax refunds. Despite the ...

Christian Allred has been a professional writer since 2020. He's written for some of the industry’s top brands and publications, including Rocket Mortgage, PropStream, Propmodo, and CRE Daily.