Washington Businesses Paid Half of State and Local Taxes in 2024
Seattle will implement a $2 million B&O tax threshold and standard deduction starting January 2026. This follows a…
Articles by & updated by Sai Sankar
Michigan and New Jersey Raise Gasoline Tax as Oregon Vote Looms
New state gasoline tax rates took effect on January 1, 2026. Michigan recorded the largest increase, while New…
IRS Warns Earned Income Tax Credit and Additional Child Tax Credit May Delay Refunds
The PATH Act requires the IRS to delay refunds for EITC and ACTC filers until mid-February 2026. To…
Raghav Chadha Urges Legal Status for Crypto to Boost Innovation in India
Raghav Chadha, a member of India's Rajya Sabha, has appealed for the legalization of cryptocurrencies and stablecoins. He…
1040 vs 1040nr: International Students Warned About IRS Penalties for Tax Filing Mistakes
The 2026 tax filing guide for international students outlines how to avoid common pitfalls like using Form 1040…
New Income Tax Draft Rules Insert Rule 166 to Define Return as Defective
The Indian government has proposed Rule 166 to standardize what makes a tax return 'defective.' This is vital…
CBDT Proposes New Income Tax Form 130 to Simplify TDS Reporting
The Indian government is introducing Income Tax Form 130 to consolidate salary, pension, and senior citizen interest reporting…
Japan’s New Government Proposes Food Tax Relief Plan
U.S. taxpayers must prepare for April 15, 2026 deadlines regarding estimated taxes and foreign account reporting. Simultaneously, Japan's…
Credit Unions Blast New Washington State Tax on Bank Deals
A new Washington state tax imposes a 1.2% gross receipts levy on certain credit union acquisitions of banks.…