When you earn interest, your financial institution is essentially paying you to keep your money there. But that interest comes at a price. Generally, the IRS requires you to pay federal taxes on ...

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

Ford Motor Co. on Wednesday reported its 2024 adjusted earnings before interest and taxes dropped slightly to $10.2 billion, compared with $10.4 billion in 2023. For the fourth quarter alone ...

The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...