IRS TAX BRACKETS 2027
CBSE Marks Bifurcation 2027: Class 10, 12 students, check how marks will be divided between theory papers, practicals and internal assessments
The Central Board of Secondary Education (CBSE) has released the subject-wise marks bifurcation for Class 10 and Class 12 board examinations 2027 for the 2026-27 academic session. The notification details how marks will be divided between theory papers, practical examinations, project work and internal assessments across different subjects. Students can check the CBSE marks distribution PDF to understand subject-wise weightage, theory exam duration and practical assessment requirements ahead of the board examinations.
EPFO total contributions expected to rise by 25% in 2027-28 due to wage ceiling increase
EPFO is forecasting a major increase in its total contributions for the financial year 2027-28. The wage ceiling has been raised to ₹25,000 from ₹15,000, effective September 17. Total contributions for the current year are estimated to exceed previous budgeted amounts significantly. Additionally, the board will consider investing up to 3% in alternative investment funds.
Social Security payroll tax cap rises to $192,300 in 2027: How much more will high earners pay from their paychecks, who will be affected, and what does it mean for your take-home pay?
Social Security taxes will take a bigger bite out of some high earners' paychecks in 2027. The taxable income limit is rising to $192,300 from $184,500, meaning another $7,800 of wages will be taxed. Workers earning above the new limit could pay up to $483.60 more next year. The increase comes as retirees are set to receive a 3.6% benefit boost.
CBSE Date Sheet 2027: Class 12, 10 subject-wise exam dates and timings, download PDF here
CBSE 2027 board exam date class 10, 12 subject wise PDF: The Central Board of Secondary Education (CBSE) has released the date sheet for the Class 10 and Class 12 board examinations 2027. The examinations for both classes will begin on February 16, 2027. Students can download the complete subject-wise examination timetable here.
IRS releases 2027 tax brackets: How new income tax rates and standard deductions for single, married and senior filers could affect your tax bill
Tax brackets 2027: The IRS has raised all seven federal income tax bracket thresholds for 2027 and increased the standard deduction for single, married and head-of-household filers. The changes also include higher capital gains limits, a larger Child Tax Credit and additional tax breaks for eligible seniors.
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Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts say
SEBI has repotedly proposed tax relief for domestic mutual fund investors ahead of Budget 2027. The proposal aims to exempt investors from long-term capital gains tax when switching investments. Financial experts note that removing this tax could increase investor interest, although it may impact government revenues.
Canada plans to welcome up to 622,000 new permanent residents by 2027 under the new immigration plan
Canada plans to grant permanent residence to up to 622,000 people by the end of 2027 through a combination of new admissions and measures to transition temporary residents to permanent status. The government has earmarked up to 200,000 places for temporary residents already in Canada, while its latest Immigration Levels Plan sets a target of up to 422,000 new permanent resident admissions in 2027.
CBSE Date Sheet 2027: When will class 10, 12 timetable be released? Check expected exam dates, practical schedule and how to download PDF
CBSE is anticipated to release the date sheet for the 2027 Class 10 and Class 12 exams. These examinations are expected to occur from February to April 2027. Practical assessments for these classes will begin earlier in November 2026 and January 2027. Students should check the official CBSE website for updates and official announcements regularly. The official timetable will be accessible for download once released from cbse.gov.in.
Warren Buffett’s retirement income strategy: How a 90/10 rule could help a 65-year-old turn $600,000 into monthly income
For a 65-year-old with a traditional IRA of $600,000, adopting Warren Buffett’s 90/10 investment strategy is a practical choice. This approach allows for a balanced monthly withdrawal that integrates Social Security and IRA funds. By allocating 90% to S&P 500 index funds and 10% to Treasury bills, one can ensure withdrawal stability.
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
A Golden Year Awaits: 5 Zodiac Signs Could Experience Extraordinary Good Fortune in 2027
The year 2027 could bring exciting opportunities, personal growth and prosperity for several zodiac signs. Leo, Aries, Sagittarius, Virgo and Taurus may experience promising planetary influences supporting confidence, career ambitions, creativity and abundance. Discover why these five zodiac signs stand out in 2027, how Jupiter's major transits could influence their year and what opportunities they may encounter.
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appeals
FICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlighted concerns regarding the withdrawal of foreign portfolio investments and the impact of capital gains tax. Additionally, it requested the government to implement lighter TDS rules and resolve backlog issues in tax appeals. FICCI emphasized the need for measures to provide certainty to investors over the long term.
$700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirs
A US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerably lower than the IRS's previous claim of $1.1 billion for the estate. Following a lengthy legal battle, the judge's ruling will significantly reduce the estate tax owed by Jackson’s heirs. The judge noted that Jackson's image has diminished in value over time due to various controversies.
A used Honda Civic: Why did Michael Jackson's estate claim his image was worth $2,105 in its fight with the IRS?
The issue was all about how much Jackson's name, image, and likeness rights were worth when he died. Jackson's estate initially valued his image and likeness rights at just $2,105 in its 2009 estate tax return. It also gained attention because it was comparable to the price of a used Honda Civic.
Why Paris Jackson is seeking $600 million from Michael Jackson’s estate nearly 17 years after his death
Paris Jackson has filed a petition for a $600 million transfer to the Michael Jackson Family Trust. She claims that the estate's executors have not followed the distribution schedule set in Jackson's will. Legal disputes have prevented the full funding of the trust and reduced payments to beneficiaries. The estate representatives deny Paris's allegations and note that over $200 million has been distributed thus far.
5 best places to retire in the US in 2027: Affordable homes, warm weather and quality of life
Midland in Michigan ranks as the top retirement destination due to affordable housing and amenities. Homosassa Springs in Florida offers a warm climate appealing to retirees seeking a larger older population. Weirton in West Virginia stands out for low housing costs and short commutes for residents. The Woodlands and Spring in Texas provide higher household incomes and urban access.
Health insurance marketplace 2027: Obamacare premiums set to rise 13% as subsidies expire - will you pay more?
Healthcare marketplace: Obamacare premiums are expected to rise in 2027 as enhanced federal subsidies expire and eligibility rules change. With benchmark silver plan premiums projected to increase by 13%, many Americans could face higher costs, switch to cheaper coverage or struggle to keep their health insurance.
Budget 2027: Customs duty relief on 118 goods under review
The Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input from respective line ministries and industry stakeholders regarding these exemptions. Goods under review include materials for power projects and certain medical devices. A focus is on correcting the inverted duty structure to support local manufacturing initiatives. The outcomes of this review will influence the upcoming budget for 2027-28.
How much will your Medicare premium rise in 2027 and how much of your Social Security raise will you actually keep?
The standard Medicare Part B premium may go up by $6.60 a month next year. That is far smaller than the jump in 2026. Still, for people living on Social Security, even a small rise matters, because the premium usually comes out of the monthly check.
Social Security November payments twist: Millions of Americans could see an unexpected change to their Wednesday checks this year
Mark your calendar if you were born between the 1st and 10th. Your Social Security payment for November will arrive on Tuesday, November 10, not Wednesday. Veterans Day falls on November 11, a federal holiday with banks shut. This is the only date change in 2026.
Indians turn to side hustles, freelancing as non-salary income rises: ClearTax
Indians are increasingly earning from non-salary sources like trading and freelancing as reported by ClearTax. The percentage of self-filers reporting such income grew significantly from previous years. Data shows that young individuals are entering investment opportunities earlier than ever before. Additionally, women's participation in capital gains and higher income brackets has increased noticeably. This reflects a significant change in financial habits and diversification of income sources among taxpayers.
US green card applications face new tax scrutiny; unpaid dues could affect approval and US citizenship
In a move affecting green card applications, the US Citizenship and Immigration Services has altered its stance on tax compliance. Unpaid taxes and unfiled returns could jeopardise an applicant's chances of approval, as immigration officers will closely evaluate tax history. This change extends to US citizens sponsoring relatives and has sparked legal disputes about its conformity to existing regulations.
AAP candidates list Punjab elections 2027: 40 candidates announced, Bhagwant Mann to contest from Dhuri; check full list
Punjab Election: AAP candidate list with 40 candidates for the upcoming Punjab Assembly elections scheduled for 2027. Chief Minister Bhagwant Mann will contest from Dhuri, while Kultar Singh Sandhwan will run from Kotkapura. This early announcement allows candidates to establish themselves in their constituencies. Notable candidates include Finance Minister Harpal Singh and Sanjeev Arora from Ludhiana West. The Election Commission has yet to announce the election schedule.
Why did a family ranch face an estate-tax hurdle over missing signatures? Here's how a paperwork dispute reached a US appeals court
The case involved the estate of Malcom McAlpine Jr., who had left his interest in a family ranch to three discretionary trusts benefiting his grandchildren. They were aged 22, 20 and 9 when he died. After that, their mother was appointed trustee and given authority to manage the trust assets and distribute income or principal for the beneficiaries' health, maintenance, support and education.
WPL 2027 Auction Live Streaming: When and where to watch Women's Premier League in India, time, venue and top players to watch out for
Mark your calendars! The Women's Premier League auction takes place today at the Grand Hyatt Kochi, Kerala, starting at 5:30 PM IST. Fans can follow the live action on the JioHotstar app or watch through the Sony Sports Network. A total of 146 players are in the race for only 27 slots across five franchises. The exhilarating season is set to launch on January 14, concluding on February 7.
WPL 2027 auction: When and where to watch Women Primer Leage auction? check date, time, live streaming details, venue and key players
WPL 2027 Auction Date, Time, Venue: WPL 2027 auction will see five franchises compete for players ahead of the new season. Here is everything to know about the auction date, time, venue, live streaming, telecast, team-wise purse, retained and released players, rules and key names to watch.
IRS is sending up to $5,000 per adopted child - could your family qualify?
The IRS has started sending adoption tax credit refunds of up to $5,000 per child to eligible families. The payments target taxpayers with unused credits from previous years. Find out who qualifies, why the refunds are being issued automatically and when the IRS expects to complete payments by the end of 2026.
Why a raise may not push you into a higher bracket in 2026: The IRS inflation adjustment trick that many taxpayers still overlook today
When you get a raise, it is easy to worry that a bigger paycheck will push you into a higher tax bracket and leave you with less money. Fortunately, that usually does not happen. The Internal Revenue Service (IRS) updates tax brackets and deductions every year to account for inflation. These annual adjustments help protect your income from a problem known as "bracket creep."
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