Budget 2025 has hiked the income tax basic exemption limit, introduced new income tax slabs under the new tax regime, no ...

Now taxpayers have a longer timeframe of up to 48 months to file an updated income tax return which was 2 years earlier. The ...

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

You can track your refund’s status on the IRS’s Where’s My Refund? tool and via the IRS2GO app. If you file electronically ...

Treasury Secretary Scott Bessent approved the move affecting representatives of the Department of Government Efficiency.

DeSales University junior and senior accounting students will provide tax preparation assistance free of charge to senior ...

Tax season is underway. The IRS has debuted a new online tool to help taxpayers check the status of any refund they may be ...

Missouri is not among the states where a free, easy tax filing method is available, and some elected officials are fighting ...

And as people get started on their filings, the Internal Revenue Service (IRS) is urging taxpayers to get a closer look at an oft-overlooked — and potentially useful — tax credit.

It’s hard to argue with affordability. That’s the biggest priority in Gov. Kathy Hochul’s proposed $252 billion executive ...