Late in this year's tax filing season, the Internal Revenue Service acknowledged an issue that could affect how some workers reported income. Certain employees ...

As per the Income Tax Act, 1961, bank depositors had to submit Form 15G/Form 15H to the bank to avoid Tax Deducted at Source (TDS). Some depositors were confused about which of the two forms applied ...

New Income Tax Forms 2026: From April 1, 2026, India’s income tax system gets a major reset with new forms under the Income-tax Rules, 2026. Form 121 replaces Forms 15G and 15H, creating a single ...

Nearly $25.6 million in tax refunds has been processed for release, covering error-free tax returns filed through Feb. 1, Adelup announced on Thursday in a media release. This first batch covers more ...

(NEXSTAR) – The Trump administration has projected “very large refunds” for taxpayers in 2026, but some may be less than thrilled with the amount of money they get back. “Because of the changes within ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

Families filing a U.S. tax return may be eligible for educational tax credits when claiming their Purdue student as a dependent. In mid-January of each year, the Office of the Bursar will generate an ...

Tax season often carries a distinct financial weight for older Americans. Fixed incomes, Social Security benefits, retirement distributions and rising healthcare costs all factor into a filing picture ...

The team wants a big chunk of a community investment tax that politicians swore would not be used for new stadium construction. Renderings for the proposed Tampa Bay Rays stadium and mixed-used ...

More than $37.3 million in 2025 tax refunds have so far been paid, including the latest batch of over $11.79 million for income tax returns filed through Feb. 4. This is based on an announcement from ...

Tax Day is quickly approaching, but if you need more time to complete your return, you can request a tax extension. An extension typically gives you six additional months to gather your forms and ...