If the IRS owes you a tax refund, it should come within 3 weeks of filing. And in a change, 25 states are now participating ...

The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for ...

On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

The saver’s tax credit helps people who earn modest incomes save more for retirement. Learn whether you qualify for it and the advantages it can provide.

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the federal deadline. The ...

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

Section 80P (2) (d) not eligible on interest on surplus funds deposited with Co-Op banks by cooperative society: ITAT Bangalore ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...