Should you worry about the AMT? Even if you're subject to it, there are exemptions and strategies for reducing your tax bill.

Starting 15 October, salaried individuals can adjust tax collected at source (TCS) payments against the tax deducted at ...

At the end of 2023, and beginning of 2024, it was possible to purchase Guaranteed Investment Certificates (GIC) between the ...

The National Taxpayer Advocate recently announced sweeping changes to the IRS' penalty assessment procedures related to ...

Voters in 2020 approved Prop. 19, which allows property owners and those who inherit a primary residence to transfer their ...

New ez1099 2024 tax form preparation software from Halfpricesoft.com is available for companies and accountants should act fast to get a jump start on the 2025 tax season. The software is available in ...

Know how to file your Income Tax Return (ITR) without Form 16. This article covers essential steps, including gathering necessary documents like salary slips, bank statements, and investment proofs, ...

Jeff Knight, CEO of FileSmart.tax, says the Corporate Transparency Act went into effect this year and it requires business ...

Another less-known CRA tax break you can claim is the First Home Savings Account (FHSA) deduction. This is similar to the ...

AI tools like SafeSend and TaxCaddy are designed to automate and streamline this process. SafeSend Returns: SafeSend Returns ...

WITH just days to go until Chancellor Rachel Reeves’ first budget – we look at how some state pensioners could end up paying ...

An unexpected bonus, income from a side gig or a life change like retirement or marriage may have landed you in a new tax bracket this year. Determining your tax bracket, however, is complex ...