A month before IRS Commissioner Danny Werfel resigned Jan. 20, he announced a plan to get stimulus cash to 1 million ...

For example, say, taxpayer A had a salary income of Rs 5 lakh and STCG of Rs 2 lakh on sale of shares in FY 2023-24, and filed her return on July 30. She's qualified for a tax rebate under ...

Earlier this month, the Internal Revenue Service (IRS) announced they'll be issuing automatic payments to eligible individuals who did not claim the Recovery Rebate Credit on their 2021 tax returns.

With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended deadline of January 15, 2025. Listen to Story Income Tax department allows ...

The Income Tax Department has introduced significant relief for taxpayers eligible for the Section 87A rebate for FY 2023-24 who were previously unable to claim it. Announced late on December 31 ...

The necessary back end software related changes in the online ITR form will be made shortly to give effect to this (87A rebate claim). Under section 87A of the Income Tax Act, 1961, eligible taxpayers ...

Premier David Eby said Tuesday the middle-income tax cut he promised during last fall's election campaign would help form the New Democrat ... to see an approach from us about streamlining ...

Experts are sounding the alarm over a new report indicating credit card loan defaults soared ... “High-income households are fine, but the bottom third of US consumers are tapped out,” Mark ...

As President Ronald Reagan noted, “One of the first rules of economics is if you tax something, you get less of it.” Neutral cost recovery fixes that by allowing businesses to fully recover ...

Qualified taxpayers are those who filed a 2021 tax return, but where the data field for the Recovery Rebate Credit was left blank or was filled out as $0 when the taxpayer was actually eligible ...

Signet Federal Credit Union in Paducah is alerting members to a half-a-million-dollar loan interest rebate it’s offering to close out 2024. The rebate will credit a percentage of the interest ...