NEW DELHI : The income tax department has finally released the utilities for income tax return (ITR) forms 2 and 3, allowing ...

Assessing the new over-65 deduction and its implications for Social Security taxation, as well as new rules for charitable ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on the "One Big ...

Enhanced reporting for deductions [80C,10 (13A)] etc.

Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing, informs the income tax department in ...

The massive tax law includes a hefty new tax break for people aged 65 or older: A new deduction worth up to $6,000, or $12,000 if married. But there are income limits.

The article discusses a recent decision of the Tax Court that disallows, under the judicially created public policy doctrine, ...

Independence Day legislation includes permanent full expensing for new and used aircraft in business operations.