Department can process returns and issue refunds up to December 31, 2026. This means the I-T Department is still well within ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.

Trump tax cuts in 2026 could deliver up to $450 in savings for eligible retirees. A new $6,000 senior tax deduction lowers ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. TOPSHOT - US President Donald Trump (C) shows his signature on the ...

New law replaces the 1961 Act from April 1, simplifying tax provisions, cutting litigation, removing obsolete taxes, and ...

Learn the critical differences between revenue and income, their impact on financial health, and how understanding each can ...

Learn about the new Income Tax Act, 2025, replacing the 1961 law. Understand key changes, tax implications, and ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.