Fixing the tax code’s complexity won’t happen overnight, but it can start with eliminating obsolete rules, restoring ...

Overall, the IRS reported a 0.9% rise in the number of tax returns received from a year ago to more than 142.5 million. The ...

T department has notified new ITR forms for FY 2024-25, detailing eligibility and exclusions for each form. These tax filing ...

The Central Board of Direct Taxes (CBDT) has officially notified the Income Tax Return Form-2 (ITR-2) for the financial year ...

The U.S. Treasury is phasing out paper checks by September 2025. Here’s how this change could impact your next IRS tax refund ...

Over 1 million Americans were eligible for a $1,400 stimulus check by December 2024. The IRS extended the opportunity to ...

The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form ...

The Income Tax (IT) departmemt will target undisclosed foreign travel expenses making it mandatory to disclose details of ...

If you incorrectly receive the form for personal transactions, the IRS recommends you contact the payment platform for a correction or to attach an explanation to your tax return. Tax season ...

Submit your question This form is protected by reCAPTCHA Enterprise ... And that profit is a capital gain. Naturally, the IRS wants its cut. There are two types of capital gains: Short-term ...

WASHINGTON (AP) — The height of tax season was the height of turmoil at the IRS. The agency shuffled through three acting directors over the course of a week. It’s preparing to lose tens of ...