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Income Tax: Section 80C is very useful for saving tax, know where you can invest and save a huge amount..
There are many effective ways to save tax under Section 80C which are beneficial for everyone. Through this section, you can ...
Missing the income tax deadline or failing to pay can have costly consequences
Taxpayers can face penalties from the IRS and the state of Illinois if they file their tax return late or fail to pay any ...
This tax break for lower-income retirement savers is a 'well-kept secret,' expert says
In 2022, roughly 5.8% of returns claimed the retirement savings contributions credit, or saver's credit, a tax break for low- ...
An IRS hiring freeze could delay income tax refunds; what to know
Taxpayers may be checking their bank accounts or mail, looking for their income tax refund. Here is what to know.
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CBDT launches self-help tool to make you understand Income Tax Bill 2025: How to use
The tool is available on the official income tax website and helps users compare provisions of the new bill with the current ...
Individual income tax credits can SHAVE a person's federal income tax liability
Tax Talk explains individual income tax credits. Refundable can bring a tax liability to zero. Non-refundable can't generate ...
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Assessment Proceedings under Section 147 of Income Tax Act 1961
Summary: Assessment proceedings under Section 147 of the Income Tax Act, 1961, involve reopening past assessments when the Assessing Officer (AO) has reasons to believe that income has escaped ...
Iowa Has a New Income Tax Rate for 2025: What It Means for You
Reducing the income tax is estimated to yield nearly $1 billion in tax savings for Iowans within the first two years, ...
Tax refund loans can provide quick cash, but there's also risks
Tax refund loans provide fast cash while you wait for the rest of your refund, but tax preparation costs can outweigh the ...