How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

Ministry of Finance addressed revenue loss and benefits related to tax incentives for corporates. From Assessment Year (AY) 2020-21 to AY 2024-25, companies claimed various income tax exemptions and ...

Vs Union of India & Ors., the petitioner challenged a notice issued under Section 148 of the Income Tax Act, 1961. The notice, intended to reopen the assessment for the year 2020-2021, was contested ...

Wondering what the different tax credits are and if you're eligible to claim any? Here's our guide to who can benefit from them and how to claim them.

Most states still levy taxes on their residents at graduated rates, but not here. In fact, Arizona helped to kick off a mini ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

More people are making legal sports bets on the Super Bowl and March Madness. But what do gamblers need to know at tax time?

As the 2025 tax season kicks off, many Americans are preparing to tackle the task they often dread: filing their tax returns.

When it comes to debate about tax matters, our political leaders on both sides keep serving up a stale cheese sandwich when what is needed is a banquet of reform. The fact that a plan to allow tax ...

New tax rules hit in 2025 just in time to trigger more 1099-K paperwork for Detroit Lions ticketholders who are reselling hot playoff tickets now.

The amount you pay increases as you add schedules. For instance ... National Society of Accountants. “2020–2021 Income and Fees of Accountants and Tax Preparers in Public Practice,” Page ...

Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with ...