Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

Freelancers often overlook that tax rules apply even to small or irregular income streams. Understanding turnover limits, ...

That’s right: Less than half of workers are aware of the saver’s credit, according to a survey by the Transamerica Center for ...

The federal government permanently shut down a pilot program that let some taxpayers file their returns for free. How many ...

Under normal circumstances, delayed refunds come with statutory interest—but the law also outlines several situations where ...

When your financial life involves more than one country, taxes can get complex. This is true for expats, dual citizens, ...

The Madras High Court condoned delay in ITR filing, holding that refund claims must be allowed if genuine hardship is proven, despite procedural ...

ISLAMABAD: The Federal Board of Revenue (FBR) has reconstituted “Single Portal Committee” of federation and provinces for ...

The One Big Beautiful Bill Act has new twists relating to charitable giving that hit in 2026. Tax filers should review giving ...

West Virginia is phasing out its tax on Social Security benefits. For 2025 returns (filed in 2026), 65% of benefits will be ...

Treasury will end Direct File, an IRS bridge to your bank account.

The Tribunal held that the assessee’s income tax return for AY 2013-14 was filed within the permissible time under Section 139. Therefore, the penalty of ₹5,000 imposed under Section 271F was ...