The reopening was based on information received from the Investigation Wing stating that Sanasa Tech Fab Ltd., earlier known as Jeevo Motors Finance Company Limited, had been identified as a penny ...

New IRS data shows the average refund rising to $3,676, well below earlier projections that suggested refunds could increase ...

Millions of taxpayers may be owed an IRS refund for penalties or interest charged during COVID. You'll have to act quickly if ...

ITAT Chennai held that where unaccounted purchases are found and the corresponding sales are not doubted, only the profit element embedded in such purchases can be brought to tax, and not the entire ...

Can you still claim tax relief from previous years? Learn IRS deadlines, rules and when refunds, credits or penalty relief may still be available.

The IRS is operating with roughly 27% fewer employees this tax filing season than it did last year. And, last July, a major new tax law took effect, containing many new provisions affecting ...

What's more, you can only get a tax benefit if you itemize your deductions. With the standard deduction for tax y ...

WASHINGTON, D.C. — Taxpayers filing 2025 returns will see new deductions for tips, overtime pay, car loan interest, and ...

Plus: “No tax on tips” gets more complicated, Taxing Social Security benefits, tax season filing statistics, Taxes From A to ...

You can deduct state and local property taxes from federal income taxes up to a limit. Understand what taxes are eligible and ...

Form 5405 helps taxpayers claim the First-Time Homebuyer Credit, offering a tax credit for homes purchased between 2008 and ...

Many Americans could see changes to their tax refunds this year due to updates in the One Big Beautiful Bill Act (OBBB)—here’s what to know.