The average tax refund is 10.6% higher so far this season, compared to about the same period in 2025, according to the latest ...

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 ...

The Internal Revenue Service published, for tax year 2025, a new schedule that taxpayers will use to realize important tax benefits of the One, Big, Beautiful Bill, including no tax on tips, no tax on ...

The High Court held that initiating recovery through a garnishee notice before examining the taxpayer’s explanation and documents was not justified. The bank account freeze was lifted and authorities ...

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.

Early tax filers are seeing larger refunds this year, but some may face delays. Find out what to expect from the IRS.

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don’t panic just yet.