For FY 2024-25, the new tax regime is automatically applied to taxpayers. Salaried individuals can still choose the old ...

The Lok Sabha on Monday, August 11, approved the income Tax (No 2) Bill, 2025, alongside the Taxation Laws (Amendment) Bill, ...

The New Income Tax Bill 2025 will come into force from April 1, 2026. It will replace the Income Tax Act, 1961, in operation ...

New Delhi, Aug 11 (PTI) The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all ...

The era of widespread federal stimulus checks may be over, but the IRS is wrapping up the distribution of unclaimed 2021 ...

The Trump administration’s move to push out IRS Commissioner Billy Long came after the agency said it couldn’t release some ...

Treasury Secretary Scott Bessent will serve as acting head of the IRS after President Donald Trump replaces Billy Long, according to people familiar with the matter.

Online TurboTax products are also free if you’re an active-duty or reserve member of the U.S. military. If you get a W-2 from the Defense Finance Accounting Service (DFAS), you qualify for free ...

From pilot to cancellation in one year. Ours is not to reason why, but Americans have to handle the aftermath.

Failing to file your income tax return (ITR) on time can lead to penalties, interest charges and loss of tax benefits.

Today, taxpayers often receive refunds almost instantly, a leap powered by sophisticated systems like the Annual Information ...

The IRS plans to discontinue its Direct File program, a free tool for taxpayers to file taxes directly. This decision could significantly impact how millions of Americans file their taxes starting in ...