New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification.

The Income Tax Department has made available the excel utilities for ITR-2 and 3 forms. This allows those with taxable capital gains, crypto income, and more to begin filing their income tax returns ...

Understand when income is received, accrued or deemed in India under the Income Tax Act, 1961, and how residential status ...

The High Court held that once income is duly recorded in an Income Tax Return, the Tribunal need not examine the source of income in accident claims. Compensation was enhanced by applying correct ...

Indians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax ...

New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.

Did you get a mysterious deposit from TPG Products SBTPG LLC in your bank account? It's related to your tax refund. Here's ...

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. Super Bowl LX features a matchup between the Seattle Seahawks and the New England ...

What are the IRS income tax filing requirements for retirees this tax season? I didn’t file a tax return last year because my income was below the ...

Free income tax return assistance and electronic filing services is available from the AARP Foundation's Tax-Aide Program through April 14, each Tuesday and Wednesday from 10 a.m. to 3 p.m.

The Pennsylvania Department of Revenue (DOR) has launched a free pilot program offering eligible Pennsylvanians a simplified way to file their state personal income tax return (PA-40) this ...