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2 mins read
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxp…
PTI
2 mins read
New Vivad Se Vishwas 2.0 tax resolution scheme to start on Oct 1 — what you need to know
The government has set October 1, 2024, as the launch date for Vivad Se Vishwas 2.0 to address dire…
1 min read
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
3 mins read
Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams
There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…
2 mins read
RAI's Budget wishlist: Lower taxes for individuals, benefits on land rates, electricity
Retailing in India accounts for about 10% of the country's GDP. In its memorandum, the retail assoc…
PTI
3 mins read
5 popular deductions you can claim under Section 80C in 2023-24
Among all the different sections that provide deductions under the old tax regime, 80C is the most …
2 mins read
The IRS is rolling out a free tax filing pilot in 13 states. Here's where and who's eligible.
Taxpayers in 13 states may be able to try out the IRS's new free filing pilot in 2024.
Juliana Kaplan
5 mins read
Presumptive taxation: The scheme that eases burden on small businesses
Running a small business or a professional service can often involve a single person or a few peopl…
4 mins read
SVB solution ensures taxpayer dollars are not put at risk: President Biden
The US President, Joe Biden, assures the American people and businesses that a resolution of the co…
PTI
3 mins read
3,500 student-loan borrowers got $109 million in debt wiped out after being 'cheated' by their schools. Top Democrats want relief for taxpayers, too.
After student-loan borrowers from Ashford and University of Phoenix got debt relief, leading Democr…
Ayelet Sheffey
3 mins read
Over 30 million households could be eligible for the child tax credit expansion
Insider used Current Population Survey data from IPUMS to get an estimate of how many households ma…
Juliana Kaplan,Madison Hoff
2 mins read
New tax regime may not be necessarily beneficial for all taxpayers: Experts
The new tax regime (NTR) will now be considered as a default regime, but it may not necessarily be …
2 mins read
Up to 8 million American households have not received stimulus checks even though they are eligible
CNN reported that many of the people missing out on payments were "low-income Americans who don't n…
Kelsey Vlamis
2 mins read
Taxpayers with income marginally over ₹7 lakh to get relief under new tax regime
In a relief to taxpayers opting for the new tax regime, individuals earning a marginally higher inc…
PTI
13 mins read
Nickelback, Chris Brown, and other stars scored $200 million in taxpayer funds meant to keep arts groups afloat during the pandemic. They won't say what they did with the money.
The SBA's SVOG grants were intended for struggling small artists. But big stars like Post Malone an…
Katherine Long,Jack Newsham
2 mins read
What is a relief payment check and am I eligible?
Relief payment checks have been announced to support families, with states such as Maine giving $85…
Sam Tabahriti
2 mins read
The White House is considering excluding high earners from being eligible for student-loan relief, a report says
White House officials are discussing the amount that will be cut from the student loan debt and wei…
Jyoti Mann
3 mins read
Millions more people without children are now eligible for a tax credit that could save them thousands
The IRS made the Earned Income Tax Credit available to more childless people and young adults, savi…
Jason Lalljee
2 mins read
Biden's Education Dept. just made 2,100 students eligible for debt relief
Federal Student Aid cracked down on several schools, including one that used federal dollars to pay…
Ayelet Sheffey
2 mins read
The IRS could auto-fill nearly half of taxpayers returns, according to a new paper — meaning they wouldn't have to spend time and money filing their taxes
Right now, Americans spend billions of dollars — and hours — preparing their taxes. But many could …