President Trump has indicated he’d like to do away with the federal income tax, replacing it with tariffs and other taxes on ...

The Income-Tax Bill 2025 maintains the ITR filing due date for individual taxpayers as 31 July, with no changes proposed. For ...

President Trump has indicated he’d like to do away with the federal income tax, replacing it with tariffs and other taxes on ...

While campaigning for the presidency, Donald Trump suggested abolishing the United States income tax in favor of an "all ...

Taxpayers can face penalties from the IRS and the state of Illinois if they file their tax return late or fail to pay any ...

Through Feb. 14, the latest date currently available on the IRS website, the agency has issued 13,657,000 refunds, which is roughly 34.6% fewer than the 20,883,000 that had been issued by this time ...

In 2022, roughly 5.8% of returns claimed the retirement savings contributions credit, or saver's credit, a tax break for low- ...

Taxpayers may be checking their bank accounts or mail, looking for their income tax refund. Here is what to know.

The measure passed the GOP-majority Senate 34-15, with four Democrats supporting it and four Republicans opposing it. It now ...

Tax Talk explains individual income tax credits. Refundable can bring a tax liability to zero. Non-refundable can't generate ...

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 ...

Reducing the income tax is estimated to yield nearly $1 billion in tax savings for Iowans within the first two years, ...