You might think self-assessment tax returns are only for the self-employed, landlords and high-net-worth individuals, but more people than ever have had to complete one in recent years. Fiscal drag is ...

Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions ...

Taxpayers who requested an extension have until Wednesday, Oct. 15 to complete and submit their returns without penalties.

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...

Now that the confetti has settled and New Year's resolutions are already falling flat, it's time for another less enjoyable annual tradition: tax season. The IRS started accepting returns on January ...

Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...

If you’re looking to grow your retirement savings, a 401(k) can be a game-changer—but what if your employer doesn’t offer one or what if you don’t have an employer at all? Let’s break it down and ...

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 ...

As soon as your filed and verified income tax return (ITR) is processed by the centralised processing centre (CPC) of the Income Tax Department, you get a Section 143 (1) intimation notice on your ...