Introduced under Section 139(8A) of the Income Tax Act, 1961, the updated return framework allows taxpayers to declare income ...

Middle-class workers are shouldering the biggest increase in the tax burden thanks to a stealth raid on thresholds, analysis ...

The Central Board of Direct Taxes (CBDT) has announced a major relief for taxpayers. Those who missed filing their Income Tax Return (ITR) or made errors while submitting returns for the financial ...

Updated returns, introduced under Section 139(8A) of the Income Tax Act, 1961, allow taxpayers to rectify errors or omissions in their original income tax returns or file a return if they missed the ...

The refunds belong to those who did not file their Form 1040 Federal Income Tax Return for the 2021 tax year (meaning the taxes filed in April 2022).

More than 1.1 million people have unclaimed federal income tax refunds that are in jeopardy of becoming government property, according to the IRS. Officials say there’s over $1 billion in 2021 ...

April 15 is the drop-dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are owed $781 or even more.

Over one million Americans have not filed their 2021 tax returns, leaving over $1 billion in unclaimed refunds. Nearly 70,000 Floridians are owed a median refund of $732, totaling $61 million ...