“At a time when the entire energy industry has generated more than £125bn in UK profits since 2020, every penny added to ...

In 2026, some retirees will owe taxes on their Social Security benefits. This is true despite the fact that President Donald ...

December 31 is a crucial deadline for taxpayers, marking the last day to file belated or revised ITRs, claim tax refunds and ...

Taxpayers who have identified errors in their income tax returns for the 2024-25 financial year can still file a revised ITR ...

I-T Department's deadline given to people for filing their revised ITRs is in focus now. However, some refunds filed have ...

With just one day left before a crucial statutory deadline, a sizeable number of returns remain unprocessed by the Income Tax ...

The Tribunal held that assignment of a life interest under a trust does not amount to transfer of land or building. Since only a limited, determinable right was transferred, Section 50C could not be ...

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. While the OBBBA is a federal law, its effects ...

In recent months, the income tax department has issued multiple notices highlighting mismatches between filed ITRs, Form 16, ...

The Earned Income Tax Credit (EITC) is a tax break designed to help those with low to moderate incomes. Its especially ...

The law creates a new deduction of up to $6,000 for people age 65 and older until 2029, and creates a tax break for up to $10 ...

The IRS announced updated inflation adjustments for the 2026 tax year, including new federal tax brackets and higher standard ...