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 ...

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 ...

Taxpayers with income from salary, capital gains, or unlisted equity shares can file ITR-2. For AY 2025-26, the ITR-2 excel utility has six updates, including reporting capital losses on share ...

The Michigan Technical Assistance Center's Elective Pay program aims to help nonprofits, faith organizations, schools and ...

U.S. tax rules on foreign rental income, deductions, capital gains, and key details for Spain, Portugal, Panama, France, and ...

The IRS introduced the Fresh Start initiative in 2011 to expand access to existing tax relief options, especially the offer ...

No tax on overtime' is a new break that begins in 2025, but a surprising twist will have many paying more taxes than they imagined with a deduction.