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

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, ...

For the 2025 tax year, the standard deduction is $15,000 for individual filers and $30,000 for joint filers. If the tax cuts ...

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.

Washington Governor Bob Ferguson signed into law Senate Bill (SB) 5814, a sweeping tax bill that expands Washington’s retail ...

This Tax Alert is the second in a series of monthly alerts that I will issue to discuss tax legislation in 2025 and the ...