The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...
The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...
The income tax return (ITR) filing has started for the financial year 2024-25 (assessment year 2025-26). The income tax department has notified all seven income tax return forms for the assessment ...
Taxpayers filing their income tax returns (ITR) are advised to save a draft before submitting to allow for corrections. Once submitted, changes require filing a revised ITR. Scenarios include ...
Chartered accountants highlight persistent mismatches in the income tax portal's Form 26AS and AIS, causing reconciliation issues and filing complications. Taxpayers are advised to provide feedback ...
The Internal Revenue Service (IRS) has released the standard deduction amounts for the fiscal year 2025, a critical component for most taxpayers. As the deadline for federal income tax filing ...
The Income Tax Department has released Excel Utilities for updated returns. These are for ITR-5, ITR-6, and ITR-7 forms. This applies to Assessment Years 2021-22 and 2022-23. Forms are available on ...
EXCLUSIVE: A top aide and confidante to former Obama official Lois Lerner who targeted conservatives and conservative groups received a notice of proposed removal from the Internal Revenue Service, ...
New Jersey residents seeking assistance with any of New Jersey's Property Tax Relief programs such as ANCHOR or PAS -1, help is here. The New Jersey Department of Treasury with the local community and ...
Content creators must file ITR by Sept 15, 2025. YouTube and social media earnings are business income if the main livelihood, otherwise 'income from other sources'. Use ITR-3 or ITR-4 forms and keep ...
Online gaming platform Roblox is launching a TikTok-like short-form video feed for sharing gameplay moments, the company unveiled on Friday at the Roblox Developers Conference. The company also ...
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FBR releases detailed 2025 tax form for traders
The Federal Board of Revenue (FBR) has issued the new five-page income tax return form for traders for the year 2025. The form seeks detailed business, financial, and personal information from ...
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