Scott Bessent, Trump’s pick for Treasury Secretary, said that he would have to study the long-term future of the tool.

Over 90,000 taxpayers withdraw incorrect tax deductions worth ₹1000 crore, leading to additional taxes paid and ...

Failure to submit your ITR by the January 15, 2025 deadline may result in the inability to revise your AY2024-25 returns, potential notices from the Income Tax Department, and additional penalties ...

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...

The first question from Sen. Ron Wyden, the ranking Democrat, is about the future of IRS Direct File. The program provides a way for people to file their taxes for free and is available in 25 states ...

The House of Representatives adopted rules for the 119th Congress that included changes to its standing procedures and the ...

The Illinois Department of Revenue (IDOR) announced they will begin accepting and processing 2025 tax returns on Monday, ...

Most filers who submit their returns digitally receive their refunds within 21 days, but paper filers will have to wait for ...

Abheek Barua, economist, highlights the need for adjustments in income tax rates, particularly for the lower middle class, to ...

Ohio plans a combination of state and local tax credits and incentives for a defense contractor that promises more than 4,000 ...

The IRS has officially announced the start of the 2025 tax filing season, beginning Monday, January 27, 2025, and ending on ...

Nearly 2 million Illinois residents will be able to bypass paying tax preparation services in 2025. Gov. JB Pritzker and the Illinois Department of Revenue announced ...