In a recent monthly newsletter published by Ed Slott, Heather Schreiber, an expert on Social Security, discussed the impact ...

Assuming that is even the case, a monthly N66,667 taxable income (N800,000 annual) would attract zero tax in the new tax regime, so someone who earns N69,000 monthly taxable income will only be paying ...

Only deductible W-2 wages are included in calculating a taxpayer’s Sec. 199A qualified business income deduction.

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

The issue was whether CPC could disallow Section 80P deduction while processing the return under Section 143(1). The Tribunal ...

Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as ...

Nigeria’s new tax laws have reopened a sharp fault line between expert warnings and official assurances, with auditors ...

Section 80CCD of Income Tax Act, 1961 offers up to Rs 2 lakh deductions for NPS and Atal Pension Yojana contributions, with ...

As Budget 2026 approaches, the spotlight is back on whether the government will offer any tax relief on car loan interest or continue pushing taxpayers towards the deductions-free new tax regime. With ...

The issue was whether SEZ deduction could be denied for alleged late filing of Form 56F. The Tribunal held that filing within the CBDT-extended deadline was valid and CPC erred in disallowance. The ...

A range of changes in individual tax rates and breaks could boost household war chests in early 2026 through a combination of ...