In the matter aforementioned ITAT deleted addition made on account of Client Code Modification after observing that assessee utilized its own funds to conduct transactions on NSEL platform and the ...

If the IRS owes you a tax refund, it should come within 3 weeks of filing. And in a change, 25 states are now participating ...

Senate Republicans introduced a pair of bills on Wednesday aiming to strip the country of its electric vehicle (EV) tax ...

The Earned Income Tax Credit (EITC) helps reduce poverty for working American families by providing a tax credit for ...

On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

At a time that calls for tough measures, taking a sharp pencil to special-interest tax cuts makes sense — along with reining in Gov. Ron DeSantis’ calls for pointless, lavish spending.

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

The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the federal deadline. The ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

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, ...

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...