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?

Since GST on of salary or payment of the bond amount in the event of an employee leaving employment before the minimum agreed period was not taxable as per Circular No.178/10/2022-GST dated 03.08.2022 ...

If you have jointly filed your tax return, you may be able to limit how much of the joint refund is reduced. The IRS says ...

Those concerns are valid according to accountants, who are strongly advising people to file early this year, as they could ...

The recent Internal Revenue Service layoffs could delay or cause mistakes in taxpayers' refunds, but filing your taxes soon, ...

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 ...

The future of federal taxes and the IRS is unclear for many reasons under the second administration of President Donald Trump ...

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.