Avoid penalties and delays this ITR season by steering clear of common tax filing mistakes. Understand and learn the top five ...

In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and ...

Form 26AS is a tax passbook linked to your PAN (Permanent Account Number). It is issued by the Income Tax Department and ...

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 ...

Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to optimize your long-term financial strategy.

Every year leading up to Tax Day, Americans face a familiar and frustrating ritual: sorting through receipts, deciphering forms, clicking through software prompts, and hoping they haven’t made a ...

In a letter to the IRS, the AICPA recommended that the agency provide further guidance in two areas of new instructions for ...

Individuals who had a state adjusted gross income, or AGI, of $150,000 or less for 2023 will get a check, along with joint ...

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

Individuals with salary or pension income, or those earning income from more than one house property, can file their income ...

If the amount of TDS given in Form 16 and the information extracted by the Annual Income Statement do not match, then it can ...

The IRS provides several options for tax forgiveness, including an approved payment plan, an offer in compromise and spousal ...