As the April 15 tax deadline approaches, tax scams are becoming increasingly common, with the IRS ranking as the 13th most ...

Taxpayers have a crucial opportunity to reduce their tax burden by filing their updated Income Tax Return (ITR-U) before ...

IRS Direct File, offering free tax filing, returns with expanded features and eligibility, now reaching 25 states and 32 million Americans.

Completing your taxes is tricky, especially if you file without the help of tax software or a tax preparer. It can get even ...

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

Old Tax Regime Vs. New – Which Saves You More? Your ability to switch between the two depends on your source of income. While ...

With the April 15 deadline right around the corner, you want to ensure you're taking advantage of all the deductions you can. Andy Phillips, Vice President of H&R Block’s Tax Institute, says his ...

Online marketplaces such as Vinted, eBay and Depop are popular platforms to make some extra cash, but regular sellers who fail to pay tax on their income could face fines. HMRC is sending out around 6 ...

The income tax department has released a list of 30 banks that are now available for e-Pay tax services at e-filing portal for the income tax returns (ITRs). ITR filers will see two new banks added ...

If authorized officers suspect someone hiding income, property, or documents to avoid paying taxes, they may examine and confiscate assets and accounts under Section 132 of the I-T Act, 1961 said a ...

The Income Tax department will soon have the legal authority to access social media accounts, personal emails, bank accounts, online investment accounts, trading accounts, and other virtual ...

In India, taxpayers can choose between the old and new income tax regimes, each offering distinct benefits. However, this choice isn't permanent and can be revisited annually. Whether you are a ...