Introduced in April 2022, this provision in the Income Tax Act allows taxpayers to report income by paying additional tax on it if they missed filing it before.

The IRS began processing tax returns Monday. For filers who submit their returns electronically using direct deposit, refunds are generally issued in less than 21 days. There is a caution from the tax ...

Angry crowds have gathered outside a Barclays branch after an IT glitch yesterday caused thousands to be left without access ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and ...

The IRS announced the official start date for tax filing season is Monday, Jan. 27, 2025, for those who like to get an early ...

Previously, startups incorporated between April 1, 2016 and March 31, 2024 were eligible for tax benefits under the Startup ...

Finance Minister Nirmala Sitharaman proposed to extend the time limit for filing updated tax returns from 24 months to 48 months in the Union Budget 2025.

Extended Deadline for Updated Tax Returns The deadline to file updated tax returns has been extended from 2 years to 4 years. This extension is designed to give taxpayers more time to correct any ...

The UK Consumer Price Index (CPI) measure of inflation for January is due to be released on February 19. The data will be ...

MORE issues have blighted the tax office on deadline day, when there was a queue of about 20 islanders waiting outside before the office event opened.

Finance Minister Nirmala Sitharaman announced that the time limit to file the updated tax returns has been proposed to be extended to 4 years from the current limit of 2 years.