Income tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the new tax deduction for paying interest on vehicle ...

Turning 65 doesn't just mark a milestone in life, it can also unlock valuable tax savings. The IRS grants seniors an extra ...

Cars, minivans, vans, SUVs, pickup trucks, or motorcycles, weighing less than 14,000 pounds qualify, according to the IRS.

ITAT Mumbai held that reopening of assessment under section 147 of the Income Tax Act impermissible since based solely on change of opinion without any new tangible material. Further, even on merits ...

The world is increasingly dangerous and divided. Changes in the global trading system are causing massive disruptions and uncertainty for Canadians. In addition to ...

Investing in oil and gas is now more attractive from a tax perspective, as of 2025. The recent policy updates, including the ...

The IRS Direct File will not be available for the upcoming tax filing season. However, other programs like the Free File and ...

The Treasury Department’s move to end the IRS-run Direct File tool and shift to strengthening partnerships with tax preparation companies drew expected cheers from Republicans and criticism from ...