Individuals can now file an updated Income Tax Return (ITR-U) to correct past errors, including unreported income or incorrect tax rates. This facility, extended to four years from April 2025, ...

Filing an Income Tax Return (ITR) is a crucial obligation for every taxpayer, ensuring compliance with the law and maintaining a clear financial record. However, missing the original deadline doesn't ...

“The applicable ITR forms to file for salaried persons are ITR-1 and ITR-2. ITR-1 to be filed if income is up to ₹50 lakh with limited sources like salary and one house property. ITR-2 to be filed if ...

Tax authorities treat income from social media content creation as ‘profits and gains from business or profession,’ especially if content creation is a regular or full-time activity. Social media ...

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The New York State Department of Taxation and Finance recently announced that qualifying taxpayers can file their federal and state income tax returns at no cost through Free File software options ...

The agency still offers a Free File program that works with commercial tax software firms. Some companies also offer free tools for certain filers. By Ann Carrns The federal government tested a free, ...

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Autodesk says Google's Flow infringes trademark Autodesk's Flow used in movies, TV shows, video games Google not available for comment In a complaint filed on Friday in San Francisco federal court, ...

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For federal income tax purposes, your marital status is determined under state law as of the last day of the calendar year. That matters when choosing your filing status. Your filing status is one of ...

Get your W-2s ready. The IRS will begin accepting 2025 tax returns on Jan. 26, when the agency officially opens the 2026 tax filing season. “The Internal Revenue Service is ready to help taxpayers ...