Tax on gifts, HRA claims for rent to parents, and cash transaction limits, here are some of the less-known income tax rules ...

Form 16 helps salaried individuals file accurate ITRs by detailing income, TDS, exemptions, and deductions, ensuring smooth ...

Individuals can still switch between the two tax regimes at the time of filing their returns, with key differences based on ...

Omission or fabrication of income from crypto, gig economy, or foreign sources ...

When you invest in a mutual fund, inflation impacts your return, and you also pay a tax on capital gains. In such a way, the ...

The Senate’s version of the “big, beautiful bill,” passed on Tuesday, includes a $6,000 tax deduction for Americans 65 or ...

If you exceed the annual gift tax limit, you may have to file a federal gift tax return (IRS Form 709). But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime ...

By now, most salaried individuals would have received their Form 16-a crucial document that summarizes salary earned, ...

Here's what it would look like for Iowa if those policies become law as part of reconciliation bill in Congress ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn’t ...

Ohio Gov. Mike DeWine vetoed four property tax relief measures in the state budget, leaving Republican lawmakers at odds ...

Businesses benefit from Senate changes that would make permanent a series of breaks that had been offered only temporarily in ...