Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

Income Tax return filing has less than a week left before the extended deadline ends, and only five crore returns have been filed for the assessment year (AY) 2025-26. According to official data ...

Income tax e-filing AY 2025-26: The Income Tax Return (ITR) filing season is going on in full swing, and crores of taxpayers must have plans to file their returns over the next six days before the ...

Many of the taxpayers are waiting for an extension to file their ITR. But they should not expect to get more time; rather, they should file their return before the deadline. 1- If you file your ITR ...

The deadline to file Income Tax returns is winding down for most taxpayers — with many likely to incur fines after September 15. People in India were given an additional 1.5 months to file their ...

On Thursday (September 25), the Federal District Court in New York issued an order granting The MLC’s request to file an amended complaint in the case. The original complaint, filed by the Mechanical ...

Even if your income is under the taxable limit, you might still be required to make an Income Tax Return. The legislation mandates Nil ITR filing in some cases like crediting more than ₹1 crore in ...

In a letter to the IRS, the AICPA said the changes align with an executive order mandating that all federal tax payments and refunds be processed electronically.

Francisco Gil tried to claim his status as an independent contractor entitled him to tax deductions for travel, meals and marketing expenses. The IRS and a federal judge said he was in fact an ...