A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

Tax-exempt hospitals provided nearly $149 billion in total benefits to their communities in 2022 alone (the most recent year ...

Leaving tax filing until the last minute carries its own risks. Important disclosures might be overlooked, or supporting ...

While 7.28 crore ITRs were filed by July 31, 2024, this year the pace has slowed, with only 5.47 crore returns submitted by ...

In cases where the capital gain is not fully used before filing the income tax return, the unutilized amount must be ...

Instead of asking for total itemized deductions, the form has separate lines for: ...

September 15 is the last date to file ITR for AY 2025-26. Will the Finance Ministry extend the deadline again? Get latest ITR ...

IRS updates Earned Income Tax Credit rules for 2025, giving low- and moderate-income families a major financial boost if they qualify.

Filing ITR? Don’t ignore exempt income. Tax expert Neeraj Agarwala explains why disclosure is mandatory, how capital gains reporting has changed for AY 2025-26, and why relying only on AIS can invite ...

The 19th reports a new child tax credit starting in 2026 will increase to $2,200 but limit access for many low-income and ...

The Income Tax Department is now investigating the 'exempt income' on which people have not paid tax. The department has sent ...

ITAT Delhi quashes a reassessment for Sulekh Chand Jain, holding that the Rohtak Assessing Officer lacked territorial jurisdiction, making the proceedings ...