President Trump may target IRS next for job cuts. CPAs warn Americans to file early before the cuts to avoid refund delays or long help lines.

Filing your taxes can be stressful, but it doesn't need to be. There are things you can do to simplify your filing and some ...

Finance Minister Nirmala Sitharaman announced that taxpayers will not have to pay tax for income up to Rs 12 lakh from FY 2025-26. The basic income exemption limit has been raised to Rs 4 lakh. The ...

Sure, the IRS can mail your refund as a paper check, but direct deposit is faster and safer, the IRS says. Here's how it works.

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained Elizabeth Young, director of tax practice and ethics for the American ...

The ITAT, while acknowledging the assessee’s lack of cooperation, found that the CIT (A) had erred in setting aside the assessment. The ITAT cited the precedent set in Arun Kumar Bose vs. ITO; ...

Julie Jason warns that there are scams to watch out for when filing taxes so take advice from the IRS on finding a qualified tax preparer.

If your tax bill or refund is bigger than expected, it may be time to adjust your paycheck withholding. Here’s an easy way to do it.

The federal government readjusts tax brackets and the annual standard deduction each year to keep up with inflation. One ...

Taxpayers Urged to Remain Vigilant Against Tax Fraud, Identity Theft, and Unscrupulous Preparers IRVINE, CA / / February 14, 2025 ...

New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...

As with an IRA, you have until April 15 to make a 2024 contribution. For the 2024 tax year, individuals can contribute up to ...