The compliance burden for Form 1040 for individual income taxes reached $144 billion, an all-time high." For tax software companies and services, that's a fortune.

Boston Mayor Michelle Wu banked more than $184,000 last year, nearly all of which came from her $207,000 mayoral salary, according to the 2024 tax return she released this week through her campaign.

The Income Tax Department has released the income tax return forms for the financial year 2024-25 (assessment year 2025-26). That is, now you can give the account of income and tax paid from 1 ...

This guide compares top tax software for 2025, including TurboTax, H&R Block, TaxAct, TaxSlayer, FreeTaxUSA and Cash App Taxes. Earning passive income doesn't need to be difficult.

The Income Tax department has already released forms ITR-1, ITR-2, ITR-3, ITR-4 and ITR-5. Here, we explain which forms apply to which taxpayer ...

Form 24Q, which companies submit to the tax department, now has a new column added — 388A. This will make reporting of TDS and TCS easier for companies, and employees will also get the correct ...

Simple Form 1040 returns only (no schedules except for earned income tax credit, child tax credit and student loan interest). TurboTax reports that 37% of files qualify for the free edition.

H&R Block focuses on taking the stress out of tax filing by offering the ability to easily upload W-2 forms, 1099s, 1098s, and information from your 2023 tax return.

Amazon is offering big discounts on H&R Block tax filing software just ahead of the deadline to file your 2024 taxes. Here's the tax deal you can grab before April 15.

You can add live tax advice at any time to get your questions answered by a tax expert. With this package and all the other packages, you’ll pay an additional $39.99 for filing your state taxes.

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers ...

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year.