The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

A key point of contention was the society’s claim for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961, for interest income received from various banks, including nationalized banks.

(NEXSTAR) – There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

Section 80P (2) (d) not eligible on interest on surplus funds deposited with Co-Op banks by cooperative society: ITAT Bangalore ...

Any taxpayer can create a free ID.me account to see what forms they should expect to receive this year, since anyone issuing a W-2 or 1099 will also issue a copy to the IRS. Employees receive a W-2, ...

If you claimed the Earned Income Tax Credit or the Additional Child Tax Credit, you can expect to get your refund by Feb. 27 -- this is if you file your return online, select to get your refund by ...

Some dread doing taxes and wait until the last minute. But millions of others file early to get their tax refunds. What to ...

Disclosures: TurboTax Free Edition is for simple Form 1040 returns only (no schedules except for Earned Income Tax Credit ... for business-related activities. That percentage of your mortgage ...

including individuals claiming the Child Tax Credit, the Earned Income Tax Credit and the Premium Tax Credit (for those who purchased medical coverage through the Health Insurance Marketplace).