Early IRS data shows fewer tax returns processed and few refunds issued through Feb. 6, but the average refund amount is up.
A TIGTA report reveals paper returns make up just 6% of filings, but drive 72% of processing costs. Funding cuts and staffing ...
The process for correcting a W-2 is straightforward, but you need to act fast to avoid missing the tax filing deadline.
H&R Block's service asks lots of questions related to potential tax breaks, looking for savings that can come, for example, from cash and noncash charitable donations, and H&R Block was able to find ...
IRS Publication 523 allows taxpayers to exclude up to 500,000 of gain if ownership and residence tests are met. The article ...
The new Act adopts a broad definition of income, covering salary, capital gains, perquisites, subsidies, and windfalls, ...
The process for correcting a W-2 is straightforward, but you need to act fast to avoid missing the tax filing deadline.
The Tribunal held that where disallowance was accepted and taxes paid during revision under Section 263, penalty under Section 270A was not warranted. The appeal was allowed and penalty ...
Starting in 2026, details of each donation reported are immediately stored electronically on the ITA’s system. The donor can access these details online.
The U.S. saw over 5.1 million business applications in 2025, primarily for LLCs. Despite the straightforward nature of ...
From side hustles to student loans, here are seven key tax questions Gen Z should answer before filing to avoid surprises and maximize credits this year.