Tax season officially kicked off on Monday as the Internal Revenue Service has started accepting 2024 federal tax returns.

On January 3, 2025, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (Regulations) ...

Expanded into 25 states for 2025, IRS Direct File allows eligible taxpayers to submit federal returns free of charge.

Before you head collect your W-2s and 1099s, make sure you’re aware of these updates and existing policies that may impact your tax bill.

Most personal tax experts are of the view that the government will phase out the old income tax regime in the coming years.

This Article covers the aspect of taxation regime for cryptocurrency in the light of the widespread use and tensions arising because of lack of regulations for the same. Recently, cryptocurrencies ...

The upcoming budget is eagerly anticipated by the taxpayers, while the middle class is expecting some serious tax reliefs.

Pensioners are celebrating a victory as HMRC is set to eliminate a costly tax issue that left millions of them £3,900 out of ...

The Direct Tax Code will overhaul the income tax laws, making them simpler and reducing legal complications and litigation ...

This year, with the new Direct Tax Code set to be unveiled in the upcoming Union Budget, there is a unique opportunity to ...

As Budget 2025 nears, experts anticipate a possible hike in the standard deduction for salaried individuals and pensioners, ...

The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will ...