Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations to political parties. Now, many who reported such donations in their ...

The assessee, a cloth manufacturer, initially opted for the new tax regime under section 115BAC and filed Form 10-IE. However, after realizing that the old regime would be more beneficial, the ...

For earnings, your tax forms may include a W-2 for wages, 1099-NEC for contract or gig economy work, 1099-G for unemployment income and 1099-R for retirement plan distributions. However, your return ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

We test and rate the best online tax services to help you find the best one for filing quickly and accurately—and for getting ...

As the IRS continues to accept returns, here's what to know about tax rates for year 2024, how to track your refund and dates to remember.

which aren’t covered under Form 16. Without this document, it may feel confusing to file an Income Tax Return (ITR). However, you can eliminate this confusion by relying on some other documents.

You can’t just claim anything. In preparing to file your income tax return, you will need to save receipts for proof. Here’s why.

April 15 is the filing deadline for 2024 federal income tax returns for most people. Others in states hit by disasters have until May 1 or Oct. 15. Already filed your taxes? Here’s how much you can ...

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

The IRS has outlined key requirements to help you file your 2024 tax return accurately to avoid common mistakes and maximize ...