But it’s often not. The Internal Revenue Service says filing with the wrong tax status is one of the most common errors that a taxpayer can make. Keep reading to decide which one to choose. What Tax ...

You still might be able to receive the money. However, taxpayers need to file a tax return and claim the Recovery Rebate ...

By diversifying your retirement income sources to include some of these tax-free options, you can potentially lower your ...

The regulatory environment for digital assets will have significant implications for state-level reporting requirements.

The old tax systems Section 80C tax-saving options are still available for a few weeks of the fiscal year hence taxpayers ...

CNBC Select explains how individuals who didn't file a federal tax return in 2021 may still be eligible for the Recovery ...

Regarding the Income Tax Bill 2025, which was introduced in Parliament and is currently under examination by the Select Committee for detailed consideration, stakeholders are encouraged to continue ...

Karnataka High Court held that interest under section 201 of the Income Tax Act and late filing fee under section 234E leviable for non-deduction of TDS from sale consideration paid to Bengaluru ...

For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they cannot freely switch back and forth.

If you're a high-income earner, you may be subject to the Additional Medicare Tax, a 0.9% tax on earnings that exceed ...

Often federal tax returns are denied because of errors made by the taxpayer. These errors are often easily fixed if ...

In its ruling, the ITAT Pune concluded that the provisions of Rule 128 (9) are directory, not mandatory, aligning with judicial precedents emphasizing the supremacy of DTAA provisions in cases of ...