Filing your federal tax return to the Internal Revenue Service (IRS) starts with having the right forms in hand. Whether you choose to e-file or submit a paper return, being well-prepared is ...

Time's up. US income taxes are due today, Tuesday, April 15. If you're staring at the clock, wondering if there are enough hours in the day for you to finish your 2024 tax return don't fret. You can ...

Taxpayers can now file their returns for FY 2024–25 using the latest ITR forms notified by the Income Tax Department. Forms ITR-1 to ITR-5 are already available, with updated eligibility rules and ...

The traditional penalty for an individual who has not filed their taxes by the deadline is 5 percent of the tax due for each month the return is late. The penalty accrues up to a maximum of 25 percent ...

For victims of Hurricane Helene and Hurricane Milton in various states including West Virginia, Alabama, Florida, Georgia, ...

You’ve only got a few short days left to file your 2024 tax return on time. The deadline is April 15. But if you need more time, you can get it. You can request a six-month extension with the IRS, ...

However, it’s important to remember the extension is only to file your tax return, not to pay owed taxes. If you owe taxes, you should pay an estimated amount before the deadline to avoid paying ...

The changes effected in the Form 16 format will ensure that the information about different taxes, deductions and exemptions ...

The latest update from CBDT allows taxpayers with long-term capital gains of up to Rs 1.25 lk to file using simple forms like ...

The delay in notifying the ITR forms and releasing their utilities for AY 2025-26, despite no major structural amendments in ...