Taxpayers can now claim new tax regime benefits even if Form 10IC is filed late. The ITAT Mumbai ruled that technical errors or oversight should not deny these benefits. This decision follows a ...

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to ...

The Tribunal held that late filing of Form 10-IC does not bar concessional tax benefits under Section 115BAA. The assessing officer was directed to allow relief once conditions are ...

Taxpayers will need to calculate for themselves how much they can subtract from their 2025 taxable income using the new ...

The Internal Revenue Service is urging taxpayers to prepare early for the 2026 tax season as changes from the “One Big Beautiful Bill” take effect.

(NEXSTAR) – After several key changes in 2025, experts are advising taxpayers to start preparing for the coming year now to avoid any costly mistakes. “Taking action before the end of this year can be ...

The Court held that the tax authority wrongly dismissed a delay condonation plea without considering the assessee’s serious medical condition. The ruling emphasizes that genuine hardship must be ...

Americans will have one fewer free option to file their taxes in 2026 after the Trump administration killed IRS Direct File. Without it, Direct File supporters said Americans will end up spending more ...

The new program, Direct File, helped low- and moderate-income taxpayers file their returns more easily, and had been expanding. By Tara Siegel Bernard The Internal Revenue Service is shutting down its ...

The IRS ended Direct File, the free, online pilot program that nearly 300,000 taxpayers in 25 states used to file returns for tax year 2024. The IRS website for Direct File says “Direct File is closed ...

The IRS Direct File program is no longer available. (Photo by Tasos Katopodis/Getty Images for Economic Security Project) We knew that it was coming, but now we know for sure: Direct File, the free ...