The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

National Savings Certificate (NSC) and Equity-Linked Savings Scheme (ELSS) not only helped individuals lower their taxes but also induced disciplined savings habits, particularly among young people in ...

In the matter abovementioned ITAT deleted additions u/s 69A made on account of cash deposit during demonetization after ...

Federal Tax Ombudsman (FTO) has unearthed a new kind of strange activity by a telecom operator involved in the issuance of ...

The Earned Income Tax Credit (EITC) was signed into law and is designed to “lift many financially challenged families out of ...

The Bombay High Court ruled in favor of Bizznet Online Systems Pvt Ltd, directing the revenue department to process the company’s pending TDS refund application in a time-bound manner. The petitioner ...

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

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

You can still contribute to your registered retirement savings plan for the 2024 tax year—but don’t wait. See the RRSP ...

For the first time in 25 years, parents in Lagos are required to provide their tax clearance certificates or pay N10,000 for ...