Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to ...

Rent income is an assessable head of income under the head 'Income from House Property' of the Income Tax Act, 1961, and ...

In simple terms, income tax is money you pay to the government based on the income you earn — whether from salary, freelance jobs, rental properties, business profits, interest from savings, or other ...

For this assessment year, if you receive less income tax refund or do not get any refund at all, you should check the status of your previous tax assessments and return filings. Many taxpayers have ...

Fox News Digital spoke with Bankrate tax analyst Kemberley Washington to get some last-minute filing tips to keep in mind as ...

The U.S. Treasury is phasing out paper checks by September 2025. Here’s how this change could impact your next IRS tax refund ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to file their Income Tax Returns (ITR) for the financial year 2024-25.

Firstly, it is important to avoid common mistakes and errors with your income tax filing documents, this is significant to prevent economic penalties, unwanted notices and delays along with ...

Keeping tax records for too long can clutter your files, but discarding them too soon can lead to trouble if the IRS audits your return. The general rule is to keep records as long as the IRS can ...

Let’s talk about the so-called “Self Employment Tax Credit.” According to IRS officials, this is a complete fabrication.

All taxpayers must answer this digital assets question on your tax return The "Yes" or "No ... you check "no." Taxpayers must report all income related to their digital asset transactions ...

Using the wrong ITR form can delay your tax processing or, worse, your return may get rejected. Also, filing your ITR is not ...