Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

Many taxpayers are confused about Form 10-IEA, which is required for opting in or out of the new tax regime, especially those with business income using ITR3 or ITR4. Missing the filing deadline ...

After years of uncertainty and changing requirements, the 1099-K reporting rules for 2025 are now set, and the thresholds ...

The income tax return (ITR) filing has started for the financial year 2024-25 (assessment year 2025-26). The income tax department has notified all seven income tax return forms for the assessment ...

ITR Filing News LIVE Updates: With just three days left before the September 15 ITR filing deadline for AY 2025-26, speculation is high on whether the Finance Ministry will announce another extension.

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Vikki Velasquez is a researcher and writer who has managed, ...

As the last date for filing Income Tax Returns (ITR) for FY 2024–25 draws near, taxpayers must carefully choose between the old tax regime and the new tax regime while filing their returns. However, ...

The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Lea Uradu, J.D., is a Maryland state ...

Q1 FY26 net sales increased YoY for the 5th consecutive quarter; led by a 52.2% YoY increase in semi-conductor wafer fab net sales Generated $1.0 ...