Summary: The Finance Bill 2025 proposes significant amendments to the Income Tax Act, particularly regarding tax slabs, deductions, and compliance procedures. Under the new tax regime, the income tax ...

"When taxpayers expect prompt customer service and smooth processing of their tax returns, the administration has chosen to decimate the whole operation by sending dedicated civil servants to the ...

The IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially when making major purchases or ...

States with net losses of residents are developing innovative and aggressive ways to capture tax revenue from their ...

Even if none of your data gets mislaid, copied or hacked, it's a good idea to store copies of some key federal records for ...

Could a 10% flat tax — based on traditional notions of tithing — bring more sanity and equity to the U.S. tax code?

A new study reveals that Donald Trump’s proposal to replace federal income taxes with tariffs could save the average American ...

Those concerns are valid according to accountants, who are strongly advising people to file early this year, as they could ...

The deadline for filing your income tax return for 2024 is approaching: Monday, April 15. Below I will discuss some details ...

Colorado's Department of Revenue has begun processing tax returns from services like TurboTax and H&R Block, following delays ...

"If you filed an electronic return, expect a refund and signed up for direct deposit, the IRS says you should get it within ...

There are general rules for whether you have to file a federal tax return this year, according to the IRS. Even if you don't ...