The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

IRS tax refund may arrive sooner than you think. Here’s a schedule for when you can expect your check or direct deposit.

New income tax slabs: Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh. New Income Tax Slabs: Union finance ...

In Capital Property Consultants Vs ACIT, the Delhi High Court dealt with the issuance of multiple notices under Section 148A(b) of the Income Tax Act, 1961, highlighting procedural lapses by the ...

The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...

Some changes were made for the taxpayers under New Tax Regime. 1. New Tax Regime The FM announced the New Tax Regime in Budget 2020 as an optional ... tax regime, the income tax return will ...

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face problems from scammers.

If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...

Many taxpayers are eager to file returns quickly to collect refunds, but it’s important to gather the necessary tax forms ...

The IRS expects to issue most refunds via direct deposit in less than 21 ... tax filing and payment deadlines were postponed for taxpayers impacted by the California wildfires in September 2020.

The IRS expects over 140 million people to file tax returns before the April 15 deadline. News10NBC spoke with local tax professional Albert Burgos of Burgos Income Tax to get some insights.

Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit ... most current information. According to the IRS, you should only call if it's been at least 21 days since ...