Filing a tax return is required for you to receive a tax refund, but filing a return doesn't guarantee you'll receive a tax ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

The new tax regime requires no such documentation, allowing only two specific deductions. The Income Tax Act, 1961's old tax regime provides various tax exemptions and deductions. (AI image ...

If you somehow failed to file your income tax return (ITR) for any of the past two years, you can still file an updated income tax return. These two years are 2021-22 (AY 2022-23) and 2022-23 (AY ...

Don't bank on getting a refund by a set date. If you're fortunate, you might see a federal income tax refund issued sometime ...

Taxes are no-doubt confusing, but this handy guide can help you finish your taxes and get your refund from the IRS.

which the IRS usually issues within 21 days of accepting your return. But the agency notes on its site that if you are claiming an Earned Income Tax Credit, the IRS cannot by law issue the EITC ...

While it’s undeniably early days, the Internal Revenue Service will tell you it’s not too early to think about the income-tax returns for 2024 that will start to come due soon enough.

Income tax slab for AY 2025-26::Money experts say that depending on your situation, the old tax regime could be more advantageous if you take advantage of many deductions and exemptions.( ...

You can’t just claim anything. In preparing to file your income tax return, you will need to provide receipts for proof. Here ...

The IRS has set new tax brackets for 2025, but that won't impact the return you'll file by April 15, since that 1040 reflects your 2024 income and taxes. Each year, the IRS adjusts its tax ...

Fortunately, calculating your adjusted gross income for your income tax return is a fairly simple formula. Total the income you’ll report, such as wages, dividends, and interest from savings ...