IRS 2027 Earned Income Tax Credit Increase Could Raise Refunds, Thomson Reuters Checkpoint Reports
The IRS had not released official 2027 Earned Income Tax Credit amounts as of October 27, 2026. Thomson…
How the Additional Child Tax Credit Pays a Refundable Portion Per Qualifying Child
The ACTC may refund eligible taxpayers up to $1,700 per qualifying child for tax year 2025. Its calculation…
IRS Notice 2026-61 Extends Section 871(m) Dividend Equivalent Withholding Relief
Notice 2026-61 extends Section 871(m) transition relief through 2028 for five areas, including transactions, enforcement, QDDs and certain…
How the $19,000 Annual Gift Exclusion Per Recipient Shrinks a Taxable Estate
For 2026, donors may give up to $19,000 per recipient under the Annual Gift Exclusion, unchanged from 2025.…
Spain’s Minimum Wage Rise to Be Exempt from Income Tax, Says Social Security Minister
Spain is preparing a tax deduction intended to let full-time minimum-wage workers keep the income-tax portion of the…
Division 296 Superannuation Balance Rule Adds Additional Tax for Balances Over $3M
Division 296 proposes additional tax on realised earnings associated with superannuation balances above $3 million. The additional rate…
Treasury Laws Amendment (tax Reform No. 4) Bill 2026 Brings CGT Concessions for Startups
Australia’s proposed Tax Reform No. 4 Bill would provide eligible startup equity investors a 50% capital gains tax…
Nina Olson of Center for Taxpayer Rights Objects to Citizenship Question on Form 1040
The IRS’s proposed 2026 Form 1040 includes a citizenship, nationality, and work-authorization question for filers and spouses. Critics…
UK Lawmakers Seek ETA Exemptions for Northern Ireland Tourists
The UK requires most visitors from visa-free countries to secure an ETA before travelling. The authorisation permits multiple…
South Korea Weighs Delaying Crypto Income Tax Until 2029
South Korea is weighing another delay to its cryptocurrency income tax, which is scheduled to begin January 1,…
India Issues Notification No. 03/2026–Central Tax on Sections 153 to 155 and Finance Act, 2026
New GST provisions take effect in India on November 1, 2026. Suppliers may account for post-supply discounts through…
Income Tax Department Issues Nudge Notices to UAE Property Owners Under FAST-DS 20
The Income Tax Department is urging selected UAE property holders to review foreign asset disclosures under FAST-DS 2026.…
India Weighs Long-Term Capital Gains and Securities Transaction Tax Changes in Union Budget
India has not announced changes to equity-gain taxes or STT. The current framework remains in place as the…
Gold at Home: Income-Tax Rules and the 500-Gram Figure Under CBDT Instruction No. 1916
A table entry in the article says family members’ jewellery is not to be seized. The fragment also…