Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

The IRS has faced intense blowback to Direct File from private tax preparation companies that have made billions from charging people to use their software.

At this time, Direct File is still available, including in New Jersey, and may be a good option if you've lived in New Jersey ...

The average American who hires a tax preparer to file even a simple return will spend upwards of $200, according to industry estimates. This year, however, taxpayers have more options than ever to ...

The Internal Revenue Service launched a pilot program last year that allows people to file their taxes directly with the ...

NEW YORK — Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also ...

Section 87A tax rebate: Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is ...

Union Budget 2025-26: Finance Minister Nirmala Sitharaman announced a range of taxation changes, including for both direct and indirect tax. As part of the indirect taxes, FM Sitharaman announced ...

New Delhi, Feb 1 (PTI) For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 ...

With state governments handing out freebies to the poor leading to despondency in the middle-class, it was assumed that Finance Minister Nirmala Sitharaman would have no option but to make a big move ...

New Delhi: For every rupee in the government coffer, the biggest pie of 66 paise will come from direct and indirect taxes, according to the Union Budget 2025-26 documents. Around 24 paise will come ...