The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...

Many taxpayers believe that income tax returns (ITR) can only be filed by the due date. However, this is not entirely correct. If you earned income from bank interest, capital gains, or dividends and ...

Taxpayers who missed the deadline get another opportunity to comply by filing a belated return. The Income Tax (I-T) Department has confirmed that such returns can be submitted until December 31, 2025 ...

Massachusetts has a flat tax rate of 5%. An additional 4% tax is levied on income over $1 million, making the highest tax rate in the state 9%.

Brex reports LLC owners can reduce taxable income through 16 deductible expenses. Proper tracking prevents missed deductions ...

Millions of people still prefer a paper check for federal income tax refunds. But President Trump signed an executive order to stop paper checks.

The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

Taxpayers who typically receive tax refunds by paper check could be surprised next year when the IRS initiates new steps to spur direct deposit.

Inheritance Funding reports the average estate settlement takes 6-12 months, but debts and disputes can extend the process to years. Best practices can aid efficiency.

The ITAT set aside a CIT(A) order that allowed a Section 54B capital gains exemption, because the CIT(A) copied a co-owners case ruling without independently verifying the factual evidence of ...