Tax Returns - 10bmnews

The Federal Board of Revenue has extended the deadline for taxpayers to submit their income tax returns for the financial year 2024-2025 by October 15. The decision to extend the deadline was made in response to requests from various business associations, tax bar associations, and the general public. In a circular issued by the Federal…

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Life Style

July 5, 2025July 5, 2025

“Big, beautiful bill” gives tipped workers a new tax break. Here’s what to know.

President Trump’s promise to eliminate federal income tax on worker tips will become a reality Friday when he signs the massive budget package into law. After narrowly squeaking through the House on Thursday, the “big, beautiful bill” now heads to the president’s desk for his signature. As part of the legislation, workers who rely on tips for a…

bilawalmaskin@gmail.com07 mins