As the 2025 tax season unfolds, the IRS has introduced several updates to the Form 1040, the cornerstone of tax filing for ...

Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...

You get two more months to file the tax return if you work outside USA or serve in military or naval service on duty outside the country. However, this does not mean that you get two more months to ...

Tax season is in full swing, and the IRS anticipates that 140 million individuals will file returns by April 15. Here's the IRS tax refund schedule for 2025 and other information that will help you ...

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, and you can ...

Being in business for yourself can be exciting, lucrative, and a great way to draw the attention of the IRS's audit division.

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

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 ...

Finance Secretary Tuhin Kanta Pandey said tax bouyancy of 1.42 is expected in next fiscal, lower than 2 in current fiscal. "We have assumed a moderate tax revenue bouyancy looking into the sacrifice ...

Budget 2025: Finance Minister Nirmala Sitharaman announced that there will be no income tax on people's earnings up to ₹12 lakh. This means individuals earning ₹25 lakh can save up to ₹1.1 lakh under ...