Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

ITAT Bangalore held that reopening of assessment under section 148 after expiry of four years without failure on part of assessee to disclose fully and truly all material facts is invalid and hence ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

W ith tax season officially underway, you'll need to know the standard deduction amount you can claim for 2024. After all, most taxpayers opt to take the standard deduction rather ...

Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).

The IRS Publication 915 (2024) offers now a comprehensive guide to help you determine if your benefits are taxable, how to ...

AI and taxes: a perfect match or a disaster waiting to happen? Tax preparation is changing fast, but AI still has flaws. Here's where AI tax tools shine, where they fail, and how to use them wisely.

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...