The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

The documents required for a personal loan for a salaried individual may include salary slips, the bank statement, Form 16, ...

The One Big Beautiful Bill Act is temporarily raising the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it's up to taxpayers to see if they can take ...

A surprise move by the IRS that would allow pastors to back political candidates from the pulpit without losing their ...

An IRA — a tax-advantaged investment account — is a woman’s ticket to closing the retirement savings gap. Here are the main ...

President Donald Trump’s mega tax-and-spending cuts bill, signed into law last week, contains plenty of new tax provisions, ...

The IRS on July 7 updated the list of Cycle 2 403 (b) pre-approved plans. The list of Cycle 2 403 (b) pre-approved plans includes pre-approved plans that were submitted to the IRS for opinion letters ...

Tax Season launches today with the first batch of auto assessments rolling out. Here are all the changes taxpayers should take note of.

Proper tax filing requires a myriad of forms. Many small businesses use form W-9 in the regular course of business as dictated by Internal Revenue Service regulations.

The world’s richest man has formed a new political party in the wake of his spectacular, and public, falling-out with the US ...

Old tax regime: In the old tax regime, the exemption limit is Rs 3 lakh (enhanced to Rs 5 lakh for taxpayers aged 80 years or more), and the 87A rebate applies for income up to Rs 5 lakh, allowing ...

Your marital status as of Dec. 31 of the year you marry determines your tax filing options for the entire year.