A new standard deduction for small businesses that would supplement the existing standard deduction available to all tax ...

If you have received arrears of salary pertaining to last year and this results in higher payment of tax in the present ...

Estimating taxes accurately is crucial for financial planning, and using Excel templates can significantly simplify this ...

Some filers also need estimated payments if they haven’t withheld enough taxes from a full-time or part-time job.

Inflation-adjusted amounts in the tax code are expected to increase by 2.8% from the 2024 numbers—about half the increase ...

CD interest is subject to income tax in the same year it is credited to your account. Once the money is added, Uncle Sam gets ...

As the September 16, 2024 deadline approaches, the Internal Revenue Service (IRS) has issued a reminder to taxpayers ...

The Colorado Department of Revenue pilot program aims to help low income families receive tax money they’re owed.

The case of Deepak Shimoga Padmaraju Vs The Assistant Director of Income Tax pertains to the denial of Foreign Tax Credit ...

The definition of a self-employed worker has expanded as side hustles, freelancing and consulting have grown in the age of ...

13.5 The Ld. CIT (A) by having held that “ that it is brought on record that fiing of Form No. 67 is mandatory to claim the benefit of Foreign Tax Credit” but in fact there is no material whatsoever ...

U.S. presidential candidates Donald Trump and Kamala Harris have both suggested removing taxes on tips as part of their ...