Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

The tribunal reviewed legal precedents, including rulings by the Orissa, Telangana, and Bombay High Courts, which consistently held that procedural delays in filing Form-10B should be condoned if ...

If you're a full-time or part-time employee, you'll typically need to receive a W-2 from your employer in order to file your tax return. Employers are required to provide this form to their ...

The standard deduction nearly doubled as a result of the Tax Cuts and Jobs Act, which went into effect in 2018. For taxes ...

If you filed an electronic return, expect a refund ... 37% of taxpayers qualify. Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit, Child Tax Credit and Student ...

There are numerous ways to file your taxes for free, especially if you meet certain income requirements or have a simple tax return ... File might not accept the forms you need.

ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...

The new tax regime, introduced in 2020, was designed with the millennial workforce in mind — offering simplicity and lower tax rates without the need for numerous deductions. With the latest increase ...

In the build-up to Thursday's NBA trade deadline this season (at 12 p.m. PT/3 p.m. ET), the NBA has stolen headlines from the ...