Today could be a very important date for your finances if you're a small business owner.September 15th is the final deadline for busin ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...

Quarterly estimated tax payments apply to individuals and businesses whose income is not fully covered by withholding.

Generally, the income tax credit (which reduces the actual income tax you pay) equals the amount of Social Security and Medicare taxes paid or incurred by your business on tips received by your ...

The clock is ticking! Today is the final chance for taxpayers to file their ITR for AY 2025–26. Missing the deadline could mean penalties. Here's a quick guide to file online before midnight.

As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer ...

Agra Bench ruled that an appeal cannot be dismissed under Section 249(4)(b) for non-payment of advance tax if the assessee's income is below the taxable ...

The SECURE 2.0 Act is built on original 2019 legislation and includes more than 90 provisions designed to expand retirement ...

A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

With inflation steady at 2.9%, tax brackets are predicted to increase slightly. Combined with the new tax law, your tax ...