MARION, Ohio — Whirlpool Corporation announced Wednesday a $300 million investment across two of its key Ohio manufacturing facilities, marking one of the company’s largest expansions in recent years. The investment aims to strengthen Whirlpool’s production capacity for its next generation of washers and dryers, while also creating hundreds of new jobs and supporting thousands more indirectly across the state. According to the Michigan-based appliance manufacturer, the capital

It has been more than two weeks since the rollout of GST 2.0 on September 22, but a nationwide consumer survey indicates that the expected benefits of lower taxes are not being fully passed on to buyers. The reform, which aimed to make a wide range of goods and services more affordable, appears to have produced uneven results across product categories, with automobiles emerging as the only sector showing substantial price reductions. According to a large-scale survey conducted acros

In a bold move, US President Donald Trump has announced a 100% tariff on all movies made outside the United States. In a statement, Trump argued that Hollywood is losing ground as other countries lure American filmmakers with attractive incentives and benefits. The tariff is set to have a significant impact on the global film industry, particularly Indian cinema, which has seen an increasing presence in the US market.

  Hundreds of new laws are officially taking effect this week across Washington D.C., Maryland and Virginia, bringing with them significant changes that will impact wages, taxes, cannabis use, driving penalties and criminal justice policies. From Virginia’s new criminal record sealing system to Maryland’s stricter reckless driving penalties and D.C.’s tax adjustments, the region is entering a new phase of legal reforms that touch nearly every household in so

The clock is ticking for taxpayers who are required to file their income tax audit reports for the financial year 2024–25. The deadline has been set for September 30, 2025, and unlike in some past years, the Income Tax Department has not announced any extension. For companies, proprietorships, and firms whose accounts must be audited, filing the audit report on time is not just a compliance requirement—it is essential to avoid hefty penalties unde

Tarrant County commissioners have voted to approve a slightly lower property tax rate after days of disagreements and tension. With four commissioners present, the proposal passed by a 3-1 vote, setting the new rate at $0.1862 per $100 of valuation. This represents a small decrease of 0.69 percent from last year’s rate of $0.1875. For a home valued at $300,000, the cut amounts to annual savings of about four dollars. While the financial impact on individual homeowners is min

The Government of India has rolled out a historic reform in the Goods and Services Tax (GST) system by eliminating the 12% and 28% slabs and restructuring the tax categories. The changes, which took effect today, bring relief to households as 99% of daily-use products will now fall under lower tax rates. However, in order to balance revenue and discourage harmful or luxury consumption, the government has introduced a new 40% GST slab for specific goods.

The government extended the Income Tax Return (ITR) filing deadline for Assessment Year 2025–26 by one day, from September 15 to September 16, 2025. However, many taxpayers still missed this revised cut-off. If you are among them, there is no need to panic, as the Income Tax Department allows belated returns to be filed until December 31, 2025. A belated return refers to an ITR filed after the due date. Accord

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

Maryland residents carrying significant student loan balances have an opportunity to ease some of their financial burden through the state’s student loan debt relief tax credit. The program, which has helped thousands of taxpayers since its launch, offers direct support for individuals who owe at least $20,000 in student loan debt and continue to file taxes in the state. The deadline to submit an application for this year’s credit is September 15, leaving borrowers only a short wi

The Goods and Services Tax (GST) Council has approved a series of new measures aimed at easing the compliance burden for businesses in India, with a focus on reducing the registration time for MSMEs (Micro, Small, and Medium Enterprises) and start-ups. Sources confirmed to that the new policy will reduce the MSME registration time from 30 days to just three days, streamlining the process significantly. In addition, a proposal for automated GST refunds for

The Indian government has introduced the Promotion and Regulation of Online Gaming Bill, 2025 in response to the growing concerns over the online gaming industry, particularly its gambling and betting segments. According to government sources, an estimated 45 crore people in India lose around Rs 20,000 crore annually through online games, including betting and gambling. The issue has become a "major pro

The state of New Jersey will begin mailing letters on August 13, 2025, to eligible residents outlining details of the 2025 Anchor tax benefits. This annual program provides property tax relief to both homeowners and renters in the state who meet specific eligibility requirements related to residency, income, and age for the year 2024. The Anchor program, which stands for Affordable New Jersey Communities for Homeowners and Renters, began in 2022 as an expansion

The Income Tax (No 2) Bill, aimed at replacing the six-decade-old Income Tax Act of 1961, has been passed in the Lok Sabha, introducing a ‘S.I.M.P.L.E’ framework Streamlined structure and language, Integrated and concise, Minimised litigation, Practical and transparent, Learn and adapt, and Efficient tax reforms. Presented by Finance Minister Nirmala Sitharaman, the bill has been reworked based on 285 recommendations from a select committee led by

A high-stakes contest is unfolding in Santa Clara County as candidates scramble to replace longtime Assessor Larry Stone in a special election scheduled for November 4. With the nomination period closing on Friday, a growing roster of hopefuls has already raised hundreds of thousands of dollars in what is shaping up to be a fiercely competitive race. The victor will temporarily fill Stone’s seat until December 2026, with a formal reelection campaign required in 2025 for a full term.

Santa Clara County officials are preparing to propose a sales tax increase to voters in an effort to safeguard the county’s public hospital system from severe federal revenue losses. The Board of Supervisors is expected to convene a special meeting around August 7 to decide whether to place the measure on the November 4 ballot. The proposed five-eighths cent sales tax would raise the current rate from 9.125% and is seen as a crucial step to help offset billions in anticipated funding cu

Texas shoppers will soon enjoy a break on sales tax during one of the state’s most anticipated retail events of the year—the annual tax-free weekend. From Friday, August 8, through midnight on Sunday, August 10, 2025, qualifying purchases of certain items will be exempt from state and local sales tax. This initiative, created to help families during the back-to-school season, provides relief on a range of essentials, including clothing, footwear, backpacks, and school supplies, provi

For Non-Resident Indians (NRIs) juggling financial commitments in both India and the United States, tax filing often becomes a yearly stress point. Each country has distinct regulations, reporting formats, and deadlines. The slightest oversight can lead to penalties or double taxation. That’s where Artificial Intelligence (AI) is proving to be a game-changer. Today, AI-powered tax tools are helping NRIs simplify,

A Columbus resident has spent the last eight years mowing and caring for a vacant lot next to his home, unaware that the property did not belong to him. The man, an 80-year-old U.S. Army veteran, believed the lot was part of his rental home in the Hilltop neighborhood. He paid $1,300 a month in rent and assumed the adjoining land was included in the space he was responsible for. Over the years, he took full responsibility for keeping the property in shape, cutting down weeds, trim

In a significant legal ruling, the Income Tax Appellate Tribunal (ITAT) has dismissed the Congress party's appeal against an income tax demand of Rs 199 crore for the financial year 2018-19. The tax demand relates to party funds and stems from allegations of late filing of income tax returns and violations of cash donation limits. The ITAT ruled that the Congress party's return filed on February 2, 2019, was