In a post on X social media platform, the tax department said it has received reports from taxpayers about inaccurate information included in the communications and acknowledged the error.

Plus: Tax refunds are smaller than expected, sorting out paper checks, reporting crypto on your tax return, Taxes From A to Z, tax filing deadlines, tax trivia and more.

According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and ...

A new bill proposes a 5% federal wealth tax on billionaires to fund a $3,000 payment for households earning less than ...

About 117.6 million taxpayers are owed $461.2 billion in IRS tax refunds, making “Where’s my tax refund” one of the most ...

These are the the average tax refund so far for tax year 2025.

A new report from the Legislative Analyst’s Office warns that Medi-Cal spending has “more than doubled” over the past ten ...

President Donald Trump’s energy secretary says the current spike in oil and gas prices may not last long. Energy Secretary ...

Obama Presidential Center seeks 100 unpaid volunteers as $850M Chicago facility prepares to open in June, promising $3.1B ...

The State Department has slashed by about 80% the fee for Americans to formally renounce their U.S. citizenship.

With the Iran war escalating, Nobel Prize-winning economist Paul Krugman is warning that the conflict could trigger a severe ...

Abdulsamad Rabiu, Africa's wealthiest in 2026, saw a 120% increase to $11.2 billion, driven by BUA Cement's record profits ...