The Income Tax Department has extended the deadline for filing Income Tax Returns (ITR) for the financial year 2024–25. Instead of the usual July 31, taxpayers now have time until September 15, 2025 ...

Taxpayers should prepare for major tax-policy shifts this year. Forbes’ expert contributors explain how — and when — key rule changes may affect you. With so many rule changes taking effect at once, a ...

Taxpayers should review their filing status if they experienced a major life event like marriage or divorce in 2025. Consider "bunching" deductions, such as charitable donations or state tax payments, ...

For federal income tax purposes, your marital status is determined under state law as of the last day of the calendar year. That matters when choosing your filing status. Your filing status is one of ...

Many taxpayers in India remain confused about what the term “Income Tax Due Date” actually means. Some assume that once the deadline passes, they lose the right to file their Income Tax Return (ITR) ...

Eligible workers can deduct up to $25,000 in tipped income. But they will only get the full value of their deduction if their MAGI is below $150,000 ($300,000 if married filing jointly). Many tipped ...

The One Big Beautiful Bill Act introduces several changes for the 2025 federal income tax filing season. Standard deduction amounts will increase for all filing statuses, including to $31,500 for ...

Those W2s and 1099s are starting to trickle into your mailbox and inboxes. Yes, tax season is upon us, and there are new and updated tax withholdings you'll need to know before filing. What are ...

Dear Savvy Senior, What are the IRS income tax filing requirements for retirees this tax season? I didn’t file a tax return last year because my income was below the filing threshold, but I got a part ...