News

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 ...
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.