When you file your tax return, you must decide whether to take the standard deduction -- $14,600 for single tax filers, ...

The income tax rates for the assessment years (AY) 2025-26 and 2026-27 remain unchanged across categories. Under Section 115BAC, default rates for individuals and Hindu Undivided Families (HUF) ...

Tax filing season is officially underway and taxpayers should be on the lookout for W-2 and 1099 forms, among other ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

As per existing provisions (Clause (ii) of Explanation 1) in section 153 of the Income Tax Act,1961 following period shall be excluded in computation of time limits in respective sections: – “the ...

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns ... Then adjust for any ...

Scotland’s Tax Strategy is welcome but says little concrete about tax policy. And some actual tax policy is divorced from any ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

Finance Minister Nirmala Sitharaman is all set to deliver her eighth Union Budget speech in Parliament within hours from now.

According to state’s Revenue and Fiscal Affairs office, 44% of South Carolina’s tax filers don’t pay any state income tax.

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

It is tax season once again. Monday marked the first day people can file their 2024 year taxes with the Internal Revenue ...