All taxpayers who lived and worked in California for all of 2024 are eligible as long as they filed certain income documents ...

The deadline for federal 2024 tax returns is Tuesday, April 15, 2025. 2024 New Jersey tax returns are due the same day the ...

To see if you qualify, check the IRS Free File site. You can submit your returns directly to the IRS for free using the IRS ...

According to the new Income Tax Bill -- any information, code, number, or token that is generated through cryptographic means and provides any digital representation of an inherent value -- will be ...

The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the ...

Conclusion: Addition against unexplained cash deposit of ₹49.50 lakh was remanded back to AO for verification if the deposits were from business activities, the addition under Section 69A could not ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

Income tax season has begun. Individuals are expected to file more than 160 million federal returns for tax year 2024. Most will come in by the regular April 15 deadline, with automatic extensions to ...

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable ...

Did you ever face the situation where the bank or employer or others deducted the correct amount of TDS but somehow it failed to appear in your Form 26AS or Annual Information Statement (AIS)?

The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...