The Income Tax Department has recently reached out to several taxpayers through emails and messages, prompting many to worry about possible notices or penalties. However, the department has clarified ...

Tax season is here, and the deadline to file your 2024 federal income tax return (Form 1040) is April 15, 2025. How Many People File Income Taxes? In 2023, 163 million federal tax returns were filed.

The Income Tax Department has said that the Non-intrusive Usage of Data to Guide and Enable (NUDGE) campaign aims to encourage taxpayers to voluntarily review their deduction or exemption claims that ...

Forbes contributors publish independent expert analyses and insights. Ashley L. Case, J.D., LL.M., writes about tax and estate planning. Ah, tax season. The annual ritual of number crunching, receipt ...

The tax season is just around the corner. It's never too early to get started. January is a big month for the letter R, with resolutions, resets and tax returns demanding our attention. While it's ...