TDS on dividend income is deducted if the total dividend payable by a company in a financial year exceeds Rs. 5,000.

With IRS tightening enforcement on dependents and tax credits, families face heightened scrutiny for mistakes on 2024 and ...

Selling a portion of your 72-acre holding is treated as a ‘part disposal’ for tax purposes. This means that you will only pay ...

TaxBuddy leverages artificial intelligence (AI) and the human experience to make tax filing simple, accessible, and ...

National Taxpayer Advocate Erin Collins stated that the start of the 2025 filing season was “one of the most successful in recent memory.” The IRS received nearly 141 million individual income tax ...

TaxBandits has released a free e-book, “Everything You Need to Know About Form 941,” to help small businesses simplify ...

Reporting equity capital gains while filing income tax returns is complex due to mandatory scrip-wise disclosure (especially ...

The IRS is pushing back filing and payment deadlines for individuals and businesses in the state affected by severe storms, ...

Online TurboTax products are also free if you’re an active-duty or reserve member of the U.S. military. If you get a W-2 from the Defense Finance Accounting Service (DFAS), you qualify for free ...

If you fail to pay your federal tax debt, the IRS can pull money from your bank account. In fact, the IRS can take enough ...

The amount of the income tax refund is equal to the excess tax paid, which is not taxable and cannot be considered income.

Open the utility and click Continue to proceed. Select your Residential status (choose Resident/Non-Resident accordingly) ...