The average fee for preparing Form 1040 with Schedule A to itemize personal deductions, and a state income tax return, was a flat fee of $323. The average fee for Form 1040 with the standard deduction ...

The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

You can save yourself money and should be able to complete your tax return fairly quickly using basic tax software or the free forms found on the IRS website. If your taxable income falls beneath ...

Do you need help with your tax return? If you have a modest income and a simple tax situation, volunteers at a free tax clinic may be able to do your taxes for you. Find out how to get your taxes done ...

As advisors focused on crypto, we’re familiar with the unique tax situations this asset class presents. For example, crypto is not subject to wash-sale rules, which allows for more efficient tax ...

Financial Literacy News: ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income ...

I-T Department has sent e-mails to thousands of defaulting people nudging them to file an updated Income Tax Return (ITR) if any income on account of crypto transactions has not been declared or ...

Want to file your ITR without hiring a Chartered Accountant? If you're a salaried individual with simple income sources, filing your income tax return online is now easy, safe, and fast. Here's a ...

Find out how to file a T3RET T3 Trust Income Tax and Information Return (T3 return). As of January 1, 2024, tax preparers filing more than five T3 returns need to use EFILE. If more than five T3 ...

Entering a 1099C on Your Tax Return. If you don't pay off a loan or other debt, you may wind up owing the Internal Revenue Service taxes on that amount. The IRS considers a debt that was cancelled ...

‘Misconception’: Big mistake Aussies make with their tax return Australian taxpayers are tipped to cost themselves hundreds of dollars by making this one simple mistake at tax time.

The Income Tax Department of India has launched online filing for ITR-1 and ITR-4 forms. Taxpayers can now prepare and submit returns for FY 2024-25 via the e-filing portal.