Hispanics are significant drivers of our nation’s economic growth. According to a 2024 Forbes piece, and based on Census ...

Saving money by lowering your tax bill is one of the more satisfying endeavors of adulting. The secret is in leveraging both tax deductions ... your tax return but are claiming tax credits of ...

The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction. Although you have nothing to worry if you genuinely claimed this deduction.

For the 2023 tax year, “it appears that a large number of employees ... employees were unwilling to forgo claiming this deduction,” Levin suggested. Further, most employees have come to expect that, ...

Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the additional money. Fully refundable tax credits are just the opposite -- if your ...

Introduced in 2020, the new tax regime became a default regime in 2023. To be able to file tax return under the old tax ...

If you lived in a northern or remote area for six months or more in 2024, you may qualify for the northern residents deductions. These deductions recognize the unique challenges northern residents ...

TDS affects them by interrupting cash flow and complicating filing requirements Budget 2023 introduced a ... requirements as excessive TDS deductions require claiming refunds.

Some dread doing taxes and wait until the last minute. But millions of others file early to get their tax refunds. What to ...

As per the amendments proposed by the Union Budget 2023 in the new tax regime ... for specific tax slabs, the old tax regime has enough room for claiming deductions under Chapter VI-A against ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners. Missing the deadline can get pricey. Late filers face penalties up to Rs ...