To file your taxes, you will need a host of documents, including personal information and income. Here is what you need, ...

The IRS began processing tax returns Monday. For filers who submit their returns electronically using direct deposit, refunds are generally issued in less than 21 days. There is a caution from the tax ...

It’s now the norm for Americans to file their taxes online — the IRS reports that more than 90 percent of individual tax returns were e-filed in 2023, the most recent data available. Even most profess ...

Period of registration of smaller trusts or institutions – To reduce the compliance burden for the smaller trusts or institutions, it is proposed to increase the period of validity of registration of ...

Policymakers can endlessly debate giving or not giving the public certain benefits and services, but once people have become ...

The IRS announced the official start date for tax filing season is Monday, Jan. 27, 2025, for those who like to get an early ...

The "Where is my refund?" tool is an IRS tracking system for filers to get updates on the status of their tax refund. Those ...

Finance Minister Nirmala Sitharaman announced that the time limit to file the updated tax returns has been proposed to be extended to 4 years from the current limit of 2 years.

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is because to get this tax ...

itharaman emphasized that the new code would not only simplify the complex provisions of the current tax laws but also enhance taxpayer convenience ...

During the presentation of the Union Budget 2025, Finance Minister Nirmala Sitharaman announced that a new income tax bill—a ...