Get ready for ‘Tax Year’: No more confusion of FY, AY as new income tax bill is likely do away with assessment year, previous year
The new income tax bill is likely to simplify the language of direct tax laws for the common man. According to sources, the ...
Tax Guru1h
Revision u/s. 264 accepted to rectify suo moto disallowance with belief that amount is taxable
Delhi High Court held that suo moto disallowance with bona fide yet mistaken belief that amount is liable to be offered for taxation, such mistake can be rectified via revision application under ...
How long does it take to get your tax refund?
Tax season is underway. If you filed immediately, there’s a good chance your federal tax refund will hit your bank account ...
Won case against income tax department but still waiting for benefit? No more delay after an update in ITR portal
Now a online process has to be used for submitting order giving effect requests. Earlier even if a taxpayer won a case ...
cnbctv182h
New Income Tax Bill likely to propose 23 chapters and 16 schedules; to be effective from April 2026: Sources
Sources indicate that the bill focuses on easing compliance. The new framework will streamline paperwork, integrate digital ...
WKRG7h
How does having multiple jobs affect your tax return?
Pay attention to your tax bracket: Having multiple jobs could push you into a different tax bracket. But remember: When your income jumps to a higher tax bracket, you don’t pay the higher rate on your ...
When will Californians get their tax refunds? What you need to know to get your money
Discover when to expect your IRS tax refund in 2024 and learn about new tools to track it. Get information on electronic filing, Direct File, and potential impacts.
The Durango Herald12h
Durango opens applications for annual food tax and utility rebates
Durango’s annual food tax rebate and utility refund returns money to some of the lowest income earners in the city, and ...
The Tax Credit Worth $7,830 That Often Goes Unclaimed
The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.
Tax deductions and credits may boost your refund. Which ones are available to new filers?
If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take ...
IRS Income Tax Refund Schedule 2025: When Will You IRS Refund Arrive?
IRS tax refund may arrive sooner than you think. Here’s a schedule for when you can expect your check or direct deposit.
IRS Tax Refunds Are $526 Bigger This Year
If you are at least 65 or blind, you can claim an additional standard deduction benefit worth $1,950 for 2024. The extra deduction amount is doubled if you and your spouse meet that criteria. For ...