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ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties
You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,00…
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS …
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
Govt may relax 45-day payment rule for MSMEs in Budget 2024
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…
PTI
A couple who moved from Hawaii to Colorado for a lower cost of living are struggling to afford a home on a six-figure income
A millennial couple who earn $110,000 say homeownership feels out of reach in Colorado. They're try…
Jacob Zinkula
ITR filing deadline is today – If you miss it, there are more consequences than just a penalty
The Income Tax Act provides provisions for offsetting and carrying forward losses. Offsetting invol…
One in four taxpaying citizen yet to file IT returns with 3 days to deadline
Revenue Secretary Sanjay Malhotra said last week that the possibility of extending the deadline for…
Falling birth rates are freaking countries out and spawning dubious fixes like tax breaks, cheaper cars, and free surgery
Countries are trying everything to combat declining fertility rates, with some eye-popping approach…
Joshua Zitser
A Bay Area county gave low-income moms $1,000 a month. 2 years later, more families had stable housing and new jobs.
Marin County, California gave 125 low-income mothers of color $1,000 a month for two years. Familie…
Allie Kelly,Noah Sheidlower
Janet Yellen wants a new way for people to file their taxes for free after very few Americans used the current program
Just 1 in 25 Americans were able to file their taxes for free last year. The Treasury Secretary wan…
Juliana Kaplan,Joseph Zeballo…
No, the GOP isn't going to abolish income tax — or the IRS
The GOP wants to get rid of income tax and the IRS. Neither will happen, but, if they did, it would…
Juliana Kaplan,Jacob Zinkula
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
Missed filing your tax returns? Here’s what you pay in late fee & penalties
Throughout the month of July 2022, the Income Tax Department has been sending reminders urging t…
As taxes come due, millions of Americans are still waiting on their refunds from last year
Some people are still awaiting thousands of dollars in 2020 refunds — and have seen their finances …
Juliana Kaplan
The IRS announced an 'all hands on deck' approach to get millions of delayed taxpayer refunds to Americans by year's end
Millions of Americans have been waiting on their tax refunds for months. The IRS is determined to f…
Juliana Kaplan,Joseph Zeballo…
Deadlines for tax returns deferred— and other tax reliefs announced by Nirmala Sitharaman
As people face layoffs and drastic change in working environments amid the coronavirus lockdown in …
Income tax returns with instant acknowledgment will help avoid penalty due to delay in processing
The feature will facilitate taxpayers, who have come almost close to the deadline of filing re…
Parents and lower-income Americans should expect thousands more on their tax returns this year — but the refunds won't come until March even if you file early
Families can get up to $1,800 per kid within weeks, the IRS said. Lower-income families can get mor…
Joseph Zeballos-Roig,Juliana …
Due date for filing income tax returns extended to March 15, 2022 for individuals whose accounts are to be audited
The government has extended the deadline to file income tax returns for assessment year 2021-22 to …