No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they imagined with a deduction.

U.S. trading firm Jane Street is not co-operating with the income tax department in the ongoing investigation against the ...

The pilot program, launched in 2024, allows millions of Americans to file their taxes directly through the IRS free of charge.

The Income Tax Department has issued a warning about phishing emails related to tax refunds, advising the public not to click on suspicious links. The department emphasized that personal or bank ...

ITR filing FY 2024-25: The Income Tax Department has enabled online ITR-2 filing for FY 2024-25, allowing taxpayers with salary, capital gains, and cryptocurrency income to file returns by ...

Local social media is lighting up with dissatisfaction and surprise upon receipt of current school tax bills (property tax).

The income tax department issues notices for various reasons — ranging from simple discrepancies in your tax return to more serious issues like unreported income. Ignoring these notices can lead to ...

The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped income and overtime pay in the One Big Beautiful Bill Act.

New Delhi [India], July 14 (ANI): The Income Tax Department initiated a large-scale verification operation across multiple locations in the country on Monday, targeting individuals and entities ...

The Income Tax Department has released excel utilities for ITR-2 and ITR-3, enabling taxpayers with capital gains and crypto income to file returns for FY 2024-25 (AY 2025-26). Key updates include ...

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by $6,000 from 2025 through 2028.

Will you get any benefit from tax break on OT, tips in New Jersey? What the big beautiful bill means.