W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and ...

The choice has to be exercised at the time of filing an income tax return. To pay income tax under the old tax regime, an individual has to select "No for opting under Section 115BAC (new tax regime)" ...

Kolkata has remanded the case of Anup Nayak vs. CIT (Appeals) for reassessment after a ₹12 lakh disallowance under Section 40(a)(ia) of the Income Tax Act. The dispute arose when the Assessing Officer ...

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income ...

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and what to do if you haven't gotten yours yet. Macy Meyer is a North ...

The introduction of the Parental Choice Tax Credit in Oklahoma last year marks a pivotal moment in the state's educational ...

As per the Income Tax Act, 1961, it is mandatory to file an Income Tax Return (ITR) if your taxable income is more than the ...

ITO before ITAT Mumbai focused on the disallowance of exemption under Section 54 of the Income Tax Act, 1961. The assessee had sold a residential property and reinvested in four new flats in the same ...

Select Age Group: Select your age group. This is because tax liability as per the government rules is based on the age of the income taxpayer. Proceed to Next Step: Click on ‘Go to Next Step’. Enter ...

Eligible Kentuckians can potentially save money in 2025 this tax season by submitting their documents through the IRS' Free File program.

Did you know personal loans can offer tax benefits? If used for home construction, business, or education, you may be ...