Early IRS data shows fewer tax returns processed and few refunds issued through Feb. 6, but the average refund amount is up.

The ITAT held that fresh allotment of shares at a value below fair market value attracts Section 56(2)(viia). The term receives includes allotment, and the differential amount was rightly taxed as ...

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 ...

Learn how working after claiming Social Security can increase taxes, trigger Medicare IRMAA surcharges, and affect retirement income planning.

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total itemized deductions — including mortgage interest, charitable giving, and state ...

Saying Arizonans deserve certainty, Republicans in the House and Senate on Wednesday approved a package of tax cuts that mirror what Congress enacted last year and, more to the point, what's in the ...

When it comes to their federal income tax returns, tens of millions of US households pay for tax preparation and filing. Yet ...

Arizona Gov. Katie Hobbs has pronounced a GOP-led tax package approved Wednesday by the state House and Senate dead on arrival.

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, from April 1, 2026. This will replace the nearly six-decade-old Income Tax Act ...

Wabtec Corporation (NYSE: WAB) today reported fourth quarter 2025 GAAP earnings per diluted share of $1.18, down 4.1% versus the fourth quarter of 2024. Fourth quarter adjusted earnings per diluted ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...