Filing ITR is essential for financial management.The Income Tax Department offers an online utility to file returns. Ensure ...

The average refund check in 2025 stood at $2,169 as of Feb. 14, about 32% below the average $3,207 refund issued at the same time last year, the IRS said in its most recent tax update.

Filing ITR for the first time might appear daunting, but knowing the basics and preparing in advance can prevent you from making costly errors and last-minute stress. Here's what you should consider ...

Employee Stock Option Plans (ESOPs) lead to tax at two points and misreporting may lead to mismatches, notices or interest. On exercising the options, the amount that you pay above the exercise price ...

A tax return is the form — typically the 1040 — that you file with the IRS each year and that provides an overview of your finances, such as adjusted gross income, or AGI, expenses and other ...

Filing an Income Tax Return (ITR) has become significantly easier in recent years, thanks to the Income Tax Department’s ...

As many people across the U.S. prepare to file joint tax returns in this 2025 tax season, some are understandably concerned about issues like maximizing refunds and how to pay the IRS if they owe ...

Michigan: dropped to 4.05% from 4.25% Missouri: top marginal rate cut to 4.95% from 5.3%, and the amount of income that's exempt from individual income tax rates will increase to $1,000 from $100 ...

On 2022 returns, the minimum age for a taxpayer to qualify for the Earned Income Tax Credit is 25 as of Dec. 31 on the 2022 federal income tax return; the maximum age is 64 as of Dec. 31 for those ...

Paper tax returns filed for the 2019 tax year were stored in trailers until IRS employees could get to them. As of March, the agency still had a backlog of 2.4 million paper returns from the 2019 ...

The AARP Foundation’s Tax-Aide Service offers in-person and remote assistance with tax filing with a “special focus on taxpayers who are over 50 or have low to moderate income.” Finally ...