Income Tax Department has introduced TAXASSIST' to address commonly asked queries and notices during the present ITR filing ...

The Trump tax bill raises the SALT deduction cap to $40,000 by 2025—but the real winners are high earners in high-tax states.

Section 158BC applies when undisclosed income is unearthed during search or seizure operations conducted by the Income Tax ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...

The IRS debuted Direct File — which enabled taxpayers to file online with the agency for free — as a pilot in 2024 and it ...

A full-time Pennsylvania restaurant worker earning $40,000 base salary and $20,000 in tips could deduct all of their tips. If ...

Iowa lawmakers considered, but did not pass, similar changes for state income taxes during the legislative session earlier this year.

Savings from safety net cuts still are not enough to offset an expensive package of tax breaks projected to add more than $3 ...

News of $300K in cuts to county’s libraries had patrons up in arms. County officials warn it’s just the beginning as more Wyoming tax cuts could be on the way.