IRS processed 15.8% fewer income tax returns in the first week of the 2025 tax season than it did a year ago. Why? What does ...

The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out ...

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

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

Early filing data suggests a slow start to the filing season, with a nearly 14% downturn in tax returns received compared to ...

Accounting students from Montana State University's Jake Jabs College of Business and Entrepreneurship are offering free tax ...

Most taxpayers receive refunds and money has already started being issued. There are ways to find out information about the ...

Many might be asking that question because their tax return has yet to be processed. On Friday, the Internal Revenue Service reported that the agency has processed 15.8% fewer individual income ...

Union Budget 2025 has proposed to extend updated return filing period to 48 months; understand the rules, benefits, and ...

Millions of taxpayers face paying more income tax due to frozen tax allowances. We explain how income tax is calculated.

Income Tax PAN cards have been issued to 70+ crores individuals. Against this, the Income Tax Returns filed by individuals as assessees are less than 8 crores. Just about 10% of PAN Card holders ...

If your return has been received, the IRS is still processing and has not yet issued a refund. If the refund has been approved, the agency is preparing to send it by the date shown. If the refund has ...