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

The IRS is sending out stimulus checks to eligible taxpayers who did not claim the Recovery Rebate Credit on their 2021 tax ...

Investment Zen/Flickr.com (CC by 2.0) Form 2106: Employee Business Expenses ... For married couples filing jointly, the deduction is $30,000, which is an increase from $29,200 in 2024.

In this regard the Honorable Bombay High Court gave an interim relief by ordering the tax department to extend the revised and belated ITR filing deadline to January 15, 2025 to enable taxpayers to ...

Taxpayers, who are eligible for the Section 87A tax rebate but were ... Assessees may try either filing an updated/revised return and manually punching in the amount of claim under section 87A in the ...

Eligible taxpayers who missed out on claiming the Section 87A tax rebate for FY 2023-24 (AY 2024-25) due to recent software changes can now update their claims. The Income Tax Department has released ...

The ITR forms have been updated to allow the taxpayers to claim Section 87A tax rebate on short-term capital gains on equity, which they were denied during the July ITR filing. However ...

You may still be eligible to receive the stimulus check if you file your 2021 tax return and claim the Recovery Rebate Credit by April 15, 2025. Emily Barnes reports on consumer-related issues for ...

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The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for ... notice on the ITR filing portal, “The updated utilities for ITR forms 2 and 3 giving ...