The Income Tax Department on Friday released Excel utilities for ITR-2 and ITR-3 forms, which can be used by taxpayers to file ITR on income received from Taxable Capital Gains, crypto income, and others.

Understand ITR filing requirements for salaried individuals, including applicability, forms, deductions, tax regimes, and a step-by-step guide for AY

Speculation of a fourth stimulus check surfaced on social media and unverified websites, however, there has been no official confirmation from the IRS.

Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing can be corrected if appropriate steps are taken in a timely manner.

The average fee for preparing Form 1040 with Schedule A to itemize personal deductions, and a state income tax return, was a flat fee of $323. The average fee for Form 1040 with the standard deduction, plus a state income tax return, was $220.

Federal tax returns collect information about personal or businesses income, and help filers determine how much they may owe or receive as a refund.

Tax filing season has begun. The Internal Revenue Service is now accepting and processing 2023 federal income tax returns. Filing your taxes is a task you may not like, but it’s one you can’t ...

ITR form selection is vital for tax returns. ITR-1 suits salaried individuals with income up to ₹50 lakh, whereas ITR-2 caters to a wider income spectrum. Filing the wrong form can cause rejection by the Income Tax Department and delay refunds.

As ITR filing for AY 2025-26 picks up pace, reports suggest the government may delay issuing tax refunds until past assessments are cleared under Section 245. Experts warn this move could hurt honest and salaried taxpayers who rely on timely refunds for financial planning and liquidity.