If the thought of an audit has ever given you chills, knowing the facts about them might help take the edge off. Thomas is a native of upstate New York and a graduate of the University at Albany.

We list the best tax software, to make it simple and easy ... 2 or 3. Indeed, other limitations such as a taxable income under $100,000 will likely drive you towards the paid versions, but they ...

This guide is useful to non-residents of Canada who have rental income or timber royalties from Canada and who are electing to file a Canadian income tax return.

The most critical aspect of the budget will be any announcement regarding the income tax rebate. There is growing debate to increase the basic exemption limit in both old tax regime as well as new ...

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With the new year comes the start to another tax season, and while the deadline to file may feel like a long way off from now, the IRS is reminding people to get ready. Taxpayers are encouraged by the ...

A special tax dispensation may be considered to encourage ... year's level with a focus on keeping borrowing within reasonable limits. Vidita Kochar, Co Founder, Jewelbox said the gems and ...

The Supreme Court today issued notice on a petition raising the issue as to whether the age of 'majority' - for males - when computing limitation period for filing a petition seeking annulment of ...

“Given the rising healthcare costs and the need for higher sum insured cover, the government should reduce tax burden by increasing the limits under Section 80D of income tax for premium paid ...

But the nicotine limit doesn't apply to vaping products, nicotine pouches such as Zyn, hookahs, or premium cigars. The public can comment on the proposed rule through Sept. 15, which the agency ...

Further, for homebuyers, one of the most expected reform is the increase of tax deduction limit in home loan interest rates to Rs 5 lakh from current Rs 2 lakh. Kirthi Chilukuri, Founder & MD of ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...