Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.

Martin Lewis has issued a State Pension tax warning ahead of the Autumn Budget as the benefit is set to increase next April.

President Donald Trump gave new information about his plan to send $2,000 tariff rebate checks to Americans on Nov. 17. What ...

The ITAT remanded a case where a charitable society’s 80G(5) registration was rejected because incidental sales were misclassified as business income. The Tribunal emphasized evaluating the society’s ...

ITAT Delhi held that TDS deposited by a buyer in a later year cannot override correct assessment year of capital gains. Form 71 enables taxpayers to claim such TDS credit in year of ...

The Court condoned a 31-day delay in filing Form 10B after finding the reasons bona fide and linked to COVID-19 disruptions. It set aside the rejection order and directed reprocessing of the return ...

ITAT held that the delay in filing appeal was caused by genuine reasons, including the taxpayer’s age and misunderstanding of online procedures. The case was remanded to CIT(A) for fresh adjudication ...

A federal court this week struck down a controversial Internal Revenue Service “facts and circumstances” test for nonprofit tax-exempt status, calling it unconstitutionally vague and opening the door ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The National Academies of Sciences, Engineering, and Medicine are private, nonprofit institutions that provide expert advice on some of the most pressing challenges facing the nation and world. Our ...

WASHINGTON (WJRT) - The IRS announced that paper tax refund checks will be phased out starting Sept. 30, as directed by President Donald Trump's Executive Order 14247. Income tax refunds for most ...

Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households. Each fall — ...