The earned income tax credit is one of the most valuable federal ... claim the EIC whether you’re using a Form 1040 or a Form 1040-SR. If you have qualifying children, you’ll be prompted ...

Though these deductions find no place in the new tax regime, heres why some investments still deserve a place in your ...

The Finance Ministry has clarified that this zero tax liability applies only to the new tax regime, which has been the ...

If you earn income through payment apps, it's a good idea to set up separate PayPal, Cash App or Venmo accounts for your ...

In Budget 2025, Finance Minister Nirmala Sitharaman announced that withdrawals from NSS accounts made by senior citizens on or after August 29, 2024, will be exempt from tax. Previously, these ...

A bill brought to the House of Representatives by Republican lawmakers would amend the tax code to remove taxes on Social ...

Budget 2025 increases rebate, no tax liability up to ₹12 lakh; answers on rebate, exemptions, deductions in income tax.

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

The Budget 2025 has extended the deadline for taxpayers to file an Updated Income Tax Return (ITR-U) from two years to four years from the end of the relevant assessment year. This allows taxpayers ...

There are 2 tax incentives: Claim a deduction against income Earn an investment tax credit (ITC) To benefit from the incentives, you must link your eligible work to expenditures you can claim.