Filing your Income Tax Return (ITR) correctly is critical—but one small mistake, like selecting the wrong ITR form, can lead to your return being marked as defective under Section 139(9) of the Income ...

In this economy, losing a job is especially rough, and if you’re one of the many people laid off this year or collecting ...

Your heart is in the right place, but you need donations. And naturally, you think starting a nonprofit is the way to go. You ...

Which EVs qualify for the federal tax credit? When is the program ending? All your burning questions, answered.

A new child tax credit is coming, bringing changes that will alter how much assistance families receive and which families ...

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year ...

The next tax-filing season — for 2025 taxes — might be one to remember, but not for reasons taxpayers would prefer. While many provisions of the new federal budget law signed by President Donald Trump ...

Tax clients are already starting to ask their accountants about the many changes in the massive One Big Beautiful Bill Act ...

Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing ...

Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.

The Income Tax Department has introduced online submission for Form ITR-B, enhancing convenience for taxpayers under Section 158BC.