The fiscal 2021 budget projects the deficit will hit $1 trillion this fiscal year and linger at $200 billion after a decade. It includes a plan to extend the disputed tax overhaul that Republicans passed in 2017. The White House is proposing to continue tax cuts for individuals through 2035 at a cost of $1.4 trillion — a […]

Last tax season, you probably noticed your tax return looked significantly different than it did in prior years. The Tax Cut and Jobs Act that went into effect for the 2018 tax year brought some significant tax law changes including lower tax rates, elimination of personal exemptions and many itemized deductions, a larger standard deduction,

Those who make more money from the system will pay a more equitable share of their income as tax towards the public good. A clear roadmap to achieving this national imperative was outlined at the weekend in Abuja on the final day of the Federal Inland Revenue Service (FIRS) Management Retreat by paper presenters, discussants

The Chairman, Federal Inland Revenue Service (FIRS) Muhammad Nami has charged the staff of the agency to buckle up for the new accountable and fair tax regime that will make those who earn more to pay an equitable tax towards the public good. Nami who spoke at the launching of the Agency’s 2020 Corporate goals