The Central Board of Direct Taxes (CBDT) has released all Income Tax Return (ITR) forms for Assessment Year 2025–26 (FY ...

Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

If your mother purchased the home for $100,000 and it's now worth $800,000, gifting the home to you assumes that the tax basis in the property is $100,000, not $800,000 and/or the value at the time of ...

All U.S. taxpayers, regardless of where they live, must report worldwide income to the IRS. That includes wages, interest, ...

As the ITR filing deadline of July 31 nears, salaried taxpayers must keep an eye out for Form 16—now more detailed than ever.

Now is the time to start preparing for the next tax season. Begin by marking these dates on your calendar today.