All taxpayers in the country are expected to make their submissions by September 15 while those requiring an audit must file by September 30.

Visit the IRS: Or, go to the source: Visit the IRS website to find additional information on RMDs, such as what they are, the types of retirement plans that require RMDs, the timeline for taking ...

Numerous employees get confused about why the money they take home is less than the gross pay they see on their salary slip.

Income tax is charged on most types of income but tax allowances protect some from the taxman. Following the end of the tax year, which falls on 5 April each year, we look at the income tax rates and ...

Look at your Form 1040 and divide the total tax, which is the number found on line 24, by the taxable income figure found on ...

The Michigan expanded Earned Income Tax Credit benefits are becoming dependent on federal EITC benefits, which differ ...

Over 5.95 crore returns were filed by Friday. Even if 10 percent greater number of taxpayers file their returns this time, around 8 crore returns would get filed this time (based on the last year’s ...

Income Tax Return: Filing income tax returns (ITR) is a crucial financial task every year. It is not just a legal obligation but also an important part of handling your finances. For salaried ...

Employee Stock Option Plans (ESOPs) lead to tax at two points and misreporting may lead to mismatches, notices or interest. On exercising the options, the amount that you pay above the exercise price ...

Instead of asking for total itemized deductions, the form has separate lines for: ...

Many Australians support the government’s plans to change the way large super balances are taxed. Yet key aspects of the ...