It’s tax season, and scammers know this is an excellent time of year to strike. Swindlers will pose as tax preparers and IRS agents to steal your refund and identity.

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The Union Cabinet approved the new Income Tax Bill on Friday, which is poised to replace the existing Income Tax Act of 1961.

Making student loan payments every month is a grind familiar to many, but that diligence can pay off for you on your tax return.

In Budget 2024, FM Sitharaman increased the standard deduction for those who opted for the new tax regime to Rs 75,000 annually. She also tweaked the tax slabs.

For more tax tips, see how the new tax brackets might put more money in your paycheck or find out if you live in a state that lowered income taxes. The best reason to file your taxes early is to get ...

Taxpayers should consider whether strategically “accelerating” their income—and paying tax on it—can reduce what they’ll owe ...

Gold traders, including jewellers and bullion sellers, hope Finance Minister Nirmala Sitharaman will enable middle-class pur ...

The Cayman Islands do not impose taxes on residents. They have no income tax, no property taxes, no capital gains taxes, no payroll taxes, and no withholding tax. A tax haven is any jurisdiction ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Taxpayers can use the online tool Where’s My Refund? to check the status of their income tax refund within 24 hours of e-filing and generally within four weeks of filing a paper return. Information ...