The 2024 tax season is almost at the finish line: The deadline for most people to file their federal tax returns is April 15, ...

The traditional penalty for an individual who has not filed their taxes by the deadline is 5 percent of the tax due for each ...

Senior citizens are given an exemption limit up to Rs 3,00,000 while very senior citizens (people above the age of 80) have a ...

Tax deadline 2025 is days away. Here is last date and time to submit personal tax return forms, file for extensions, or check ...

After computing its tax liability on Form 1120‑H, the community association should consider figuring the tax using Form 1120 (U.S. Corporation Income Tax Return) or Form 1120-A (U.S. Corporation ...

If you get a big tax refund, it means you're overpaying on taxes during the year.

ITR-B: Income Tax Department has notified income tax return (ITR-B) form. This return of income is required to be furnished ...

Certified financial planners, certified public accountants and tax pros share their last minute to-dos on your filings ...

On March 20, 2025, the IRS updated its guidance to employers that claimed the employee retention credit (ERC). The updated guidance materially ...

Speaking of deductions, if you qualify to deduct contributions to a traditional tax-deferred IRA, you can put away up to $7,000 ($8,000 if you’re 50 or older) by April 15 and still have it count as ...

Those who file Illinois tax returns electronically and select to have a refund directly deposited into a checking or savings ...