Taxpayers must note that the deadline for filing a belated income tax return or submitting a revised return for the ...

The IRS sends out tax refunds 21 days after taxpayers file their returns online and six to eight weeks after submitting a ...

If you choose to itemize deductions, you'll have the option of deducting the state and local sales tax you paid, or you can ...

With the new year comes the deadline for Self-Assessment Tax Returns, and with new laws in place, will you be liable in 2025?

The IRS Free File program is set to open later this week to allow eligible taxpayers to file their taxes for free using tax ...

The IRS announced that eight private-sector partners will participate in its Free File program during the 2025 tax season.

They are of the opinion that if they are registered and they have made a loss or they have not traded at all, then they are ...

The National Taxpayer Advocate report detailed problems, including nearly 1.2 million employee retention credit claims that ...

Unpaid taxes are subject to the Failure to File penalty, which is 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. The penalty cannot exceed 25 percent of ...

You'll have the best chance of staying comfortable in retirement if you have other sources of income to supplement your Social Security benefits.

At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under section 87A, even if their income is below the basic exemption limit, as the ...

Not filing an ITR on time can have numerous consequences, from penal interest and late fees to possible jail time. Meanwhile, if you file your return within the period for filing a belated return and ...