For the 2024 tax year, single filers can add $2,000 to their standard deduction, while joint filers can add $1,600. Unlike the old Form 1040EZ, which limited income reporting, Form 1040-SR ...

Year-round tax planning can help prevent tax autopsies and save taxpayers a significant amount of their hard-earned money!

DHAKA, Nov 3, 2024 (BSS) – Month-long services will be provided to tax payers in all tax zones in this November to facilitate ...

Individuals, HUFs, AOPs and BOIs, with no business income, will have an option to opt for the old tax regime for every financial year. Question: The Income Tax Department has recently notified the ...

Filing a tax return is your obligation as a U.S. citizen or resident if your income is above a certain amount. Jump to insight Form 1040 is commonly used for federal tax returns, but other taxing ...

The refundable amount for workers with or without children is slightly higher this year. Here’s what you need to know.

it is possible that the IRS computers may reflect the confusion shown in the Form 1040 filing instructions and assess tax and penalties on purportedly unreported income. The problem is created by ...