As the deadline for income tax return (ITR) filing nears, financial experts are urging taxpayers to tread carefully. A single oversight could lead to penalties of up to Rs 1.5 lakh, delayed refunds, ...

Income tax refund: After submitting your tax return, if you meet the requirements for a tax refund, you should receive the refund plus interest at a specific rate in the event of a delay.

Around 40% of eligible Georgians have received their special Georgia surplus tax refund, and more checks are being sent out ...

In most cases, if the IRS doesn’t issue your refund within 45 days of the tax deadline, the agency owes you interest.

Filing an ITR doesn't guarantee closure. Notices may still arrive if the tax department detects inconsistencies, high-risk ...

Income Tax Return: How It Works and How Long to Keep One. Taxes may be fact of life, but have you ever been up close and personal with a Form 1040? ... Child Tax Credit and Student Loan Interest).

A tax return is a form you submit to the IRS to report your annual income and taxes paid. ... Form 1099-INT is for interest income, and Form 1099-NEC shows income for independent contractors, ...

Discover how to earn tax-free interest income through investments. Understand the rules and benefits of tax-exempt interest and find suitable options for you.

First, there's the Net Investment Income Tax (NIIT), which levies an additional 3.8% tax on investment income if you have an income over $200,000 (if you file your returns solo) or $250,000 (if ...

For tax year 2024 (filing in 2025), the income limit to qualify for any portion of the student loan interest deduction is $95,000 for individual filers and up to $195,000 if married and filing ...