As tax season approaches, it's essential to determine whether you're required to file a tax return. While most U.S. residents ...

Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...

Finance Minister Nirmala Sitharaman has brought big cheer for middle class taxpayers - it’s a bonanza like never b ...

Nirmala Sitharaman's new Income Tax Bill takes effect in April 2026. Can taxpayers still opt for the old tax regime in FY26? Find out what experts say.

The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent ...

Budget 2025 introduces key personal tax reforms focusing on Viksit Bharat. Amendments include a new income-tax bill, revised ...

Salaried individuals with an annual income of up to Rs 12.75 lakh will have zero tax liability under the new tax regime. But ...

The 2024 tax campaign kicks off on April 2, and pensioners aren’t free from the taxman’s grip just yet. However, there are ...

A large tax refund can feel like a win. But if you're living paycheck-to-paycheck, that refund might actually be hurting you.

ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...

Filing taxes requires meticulous attention to detail, as the IRS imposes hefty fines for certain errors. With penalties ...

The Union Budget 2025-26, which Prime Minister Narendra Modi said was designed for the common man, gave relief to the middle ...