Currently, the new tax regime is the default tax regime. An individual who wants to opt for the old tax regime now has to specifically choose it while filing income tax return. When new tax regime was ...

Fewer than half of e-filed tax returns are self-prepared; paid tax preparers complete the rest. Of course ... can do your return for little or nothing. If your adjusted gross income (AGI) was ...

ITO, the Ahmedabad ITAT addressed whether procedural delays in filing Form 67 could bar a taxpayer from claiming Foreign Tax Credit (FTC). The assessee filed a return of income for AY 2021-22 and ...

a Black-owned virtual tax prep company that is transforming the financial landscape for low-income families in all 50 states. Launched during the last tax season, her company specializes in ...

Income Tax: Understand the revised TDS rate chart for FY 2024-25. Know TDS sections, rates, thresholds, and exemptions to stay compliant and a ...

The IRS is distributing about $2.4 billion to taxpayers who didn't receive their COVID stimulus payments. By the end of ...

Allows you to file a 1040 and a state return for free, but only if you have a very simple tax situation: your taxable income is $100,000 or less, you don’t claim dependents, you don’t itemize ...

PLATTSBURGH — Local AARP Foundation volunteers are offering free income tax preparation service to senior citizens, families and individuals beginning Monday, Feb. 3. Service is by appointment ...

To help sort through it, here is a list of some common types of nontaxable income. Of course, it's good to consult ... income on your federal income tax return even though it isn't subject to ...

Volunteers are needed to help run a free tax preparation program that is expected to return over $1 million to the community. United Way of Hancock County is seeking volunteer tax preparers and ...

but once taxpayers have completed their federal tax return, the Direct File system will automatically direct them to state tools to complete their state tax returns. Direct File is designed for ...