ITAT Bangalore held that merely because the assessee has failed to prove any benefit from services received the disallowance ...

When you sign up for Questrade, you’ll complete a short questionnaire ... in the tax structure. When you put money into a TFSA, you do not receive a tax credit. But you do with an RRSP, and ...

The nonprofit organization United Way of Connecticut launched a statewide campaign, “Get Your Refund CT,” with the purpose of helping Connecticut families claim enhanced COVID tax benefits that ...

The Office of Management and Budget on Tuesday morning sent out instructions to agencies for complying with a massive federal ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

ITAT Bangalore held that non application of mind by the AO to the legal issues would justify action of section 263 of the ...

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

meaning that even if it exceeds your tax liability, you can receive the full amount of the credit in the form of a tax refund. Most tax credits are aimed at low-to-middle-income taxpayers ...

It’s easy to make child tax credit mistakes when filing your return. Here are common errors that could delay your refund.

The additional tax credit cannot be given to those who file a Form 2555 or Form 2555-EZ, excluding foreign earned income.

The EITC is “one of the federal government’s largest refundable tax credits for low- to moderate-income families,’ the ...