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 ...

New figures show more families are paying the 40% levy as property values and asset prices rise, with pensions to be included from April 2027 ...

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

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

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 ...

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

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

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

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