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, ...

In this step-by-step guide, we explain how you can use TaxBuddy’s DIY platform to file your income tax filing for FY 2024–25 (AY 2025–26), with special attention to the needs and benefits available to ...

Did you file your income tax return last year, and yet not received your refund? Although unusual, this can be true. There are some taxpayers who have yet not received their income tax refund even ...

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 ...

A new report issued in November by the Treasury Inspector General for Tax Administration indicated that 21.9 million — or 15.9% — of 2023 federal income tax returns used a refund-related ...

Many top tax prep companies have a free tier for filers with a simple tax return, the most basic version you can file. A simple return is typically prepared using IRS Form 1040, with income from a ...

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.