The financial year 2024-25 is about to close. Taxpayers can file their income tax return as per the existing new tax regime ...

To qualify, you must have children under 13 or other qualifying dependents and pay for their care while you and your spouse ...

Importantly, retirees that owe tax on Social Security income must make quarterly estimated payments to the Internal Revenue ...

ITAT Lucknow held that addition by calculating sales on hypothetical basis and completely ignoring various evidences submitted during course of assessment proceedings is unjustifiable. Accordingly, ...

Learn how taxes on interest income work, how to report it on your taxes, and which interest income is taxable. Get the full ...

If you are availing of exemptions or deductions under the normal tax regime, you may end up paying more tax under the new tax ...

Ohio is in the early stages of setting its two-year operating budget, a behemoth piece of legislation that funds dozens of state agencies, commissions, boards and offices that make up Ohio's executive ...

The state Department of Education released totals for its nearly 600 school districts, amounting to $386 million.

While simple math errors don't usually trigger a full-blown examination by the IRS, they will garner extra scrutiny and slow ...

It allows owners of low-income rental properties that have received generous tax credits to raise rents far sooner than ...

SimpleFile uses the information in the CRA’s systems at the time of the call and the answers you provide, to auto-file your income tax and benefit return over the phone. It is free, secure, and easy ...