4.2 Counsel for the assessee pressing the legal ground vehemently argued that in this case, the escaped income was Rs.12,38,000/- and the assessment year involved is assessment year 2018-19 and ...

The average refund amount in 2024 was $3,138, according to the IRS. But is paying down debt the best way to spend that money?

Summary: The Finance Bill 2025 proposes significant amendments to the Income Tax Act, particularly regarding tax slabs, deductions, and compliance procedures. Under the new tax regime, the income tax ...

"If you filed an electronic return, expect a refund and signed up for direct deposit, the IRS says you should get it within ...

Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.

Two House Republicans and two House Democrats are teaming up on a bill that would expand the child tax credit to $6,000.

The IRS 90-day rule offers crucial protection to taxpayers, providing a clear timeline and process for disputing tax ...

A string of bipartisan measures targeting taxpayer refunds, rights, and protections move forward on Capitol Hill.

We are right in the middle of tax season and if you have already filed, your refund could be because of a popular tax credit.

Eligible Philadelphia homeowners have until Feb. 28 to apply for the city’s Low Income Real Estate Tax Freeze program.

If the IRS owes you a tax refund, it should come within 3 weeks of filing. And in a change, 25 states are now participating ...

If the IRS owes you a tax refund, it should come within 3 weeks of filing. And in a change, 25 states are now participating ...