Tax season is officially underway. The IRS expects over 140 million people to file tax returns before the April 15 deadline.

Crucially, QuickBooks gets updated regularly, with several new features added recently, such as a built-in income ... guide will certainly help you to get the job done. Those with challenging tax ...

Earn 4.56% Annual Percentage Yield (APY ... You can use Form 1099-INT when filling out your tax return to let the IRS know what interest you earned. Risks Associated with Money Market Accounts ...

The new tax structure provides a rebate on annual ... income, attracting a higher tax rate. Or for that matter, while taxpayers had to disclose income from crypto trading in income-tax return ...

Building on this success, the finance ministry has now proposed to extend the deadline for filing updated returns from two years to four years. Taxpayers are required to file their income tax ...

The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

Investors relying on capital gains for income should factor in the tax liability before assuming they fall under the rebate limit. While past rebates may still be claimable, future returns must ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

Filing taxes for the first time—or even after years of doing so—can feel overwhelming. With new tax laws, updated filing ...

Workers who are paid low wages — and in many cases are trying to raise children on overstretched paychecks — can qualify for a financial boost by claiming the earned income tax credit on their ...

This means that for an annual ... a basic income of up to Rs 4 lakh from taxation. This means: Individuals earning up to Rs 4 lakh do not need to pay any tax or file an Income Tax Return (ITR).

The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...