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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   


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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   


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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…

Business Insider Latest Story Image
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   


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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 …

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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   


Business Insider Latest Story Image
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…

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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   


Business Insider Latest Story Image
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   


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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 …

Business Insider Latest Story Image
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   


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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   


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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   


Katherine Long,Jack Newsham   


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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   


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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   


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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   


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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   


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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 …

Juliana Kaplan   


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2 mins read

2 key House Democrats want the IRS to extend tax filing season, citing 'titanic strain' on taxpayers

The IRS extended tax filing season by 3 months last year, and Democrats and accountants are calling…

Ayelet Sheffey