The IRS started accepting 2024 tax returns on Jan. 27, and the agency posted the first statistics from tax season 2025 last ...

Tax season can be one of the most stressful times of year for some individuals and families. But for many it comes with a ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often, and the value of the deduction increases with the price of a home,” ...

These cross appeals are filed by the assessee and the revenue against the order of the Learned Commissioner of Income-tax (Appeals), Mumbai/National Faceless Appeal Centre, Delhi [hereinafter referred ...

We're nearly two weeks into the tax season ... on information the IRS had on file. The chart that the IRS issued Friday afternoon did not list a total amount, which is often in billions of dollars, ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

The Donald Trump administration had imposed tariffs on Mexican, Canadian and Chinese imports over fentanyl-related chemicals. Mexican President Claudia Sheinbaum announced an agreement with the US to ...

It reduces your overall tax liability, which means you either pay less tax or get a refund if you’ve already paid more than you owe. Think of it as a reward for meeting specific criteria set by ...

But there are plenty of reasons why many refunds won't arrive as soon as some might expect, including if you claim the earned income tax credit. No doubt, the IRS will see its own disruptions this ...

Later, PAL filed a letter request for the refund or the issuance of a tax credit certificate before the Bureau of Internal Revenue (BIR). It was denied. The case was brought to the CTA on Aug. 3, 2020 ...