Could a 10% flat tax — based on traditional notions of tithing — bring more sanity and equity to the U.S. tax code?

Ahmedabad dismissed the Revenue’s appeal in the case of ACIT vs. Kiri Industries Ltd. for the Assessment Year 2016-17, affirming the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision to allow ...

Discover the basics of how the IRS tax refund works. Learn strategies for maximizing them and tips on how to use them wisely.

When you sell a home, you'll need to pay taxes on the amount of money you earned on the sale as capital gains. However, if you live in the home for two of the previous five years before selling, you ...

The ITAT ruling highlights the importance of proper income assessment and ensures that CPC errors do not lead to unjust taxation. With this decision, the assessee’s appeal was partly allowed, ...

As the 2025 tax season unfolds, the IRS has introduced several updates to the Form 1040, the cornerstone of tax filing for ...

In Connecticut, the deadline to file state and federal tax returns is April 15. Here's how to file for free, and who's ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...

Federal tax credits are recorded on Form 1040 Schedule 3-- most also require a specific ... as a fraction of your total US tax liability, depending on total foreign and domestic income. To claim the ...

To file federal income taxes, fill out a Form 1040 online or mail a paper form ... A W-2 form reports your total wages for the year and any taxes withheld from your paycheck.