As one tax deadline passes, another one looms into view. Accountants across the UK are already thinking about how they can deliver personal tax work in ...

The proposed I-T Bill would introduce the concept of ‘tax year’ to replace the financial year and is likely to be 622 pages ...

Lawmakers adopted the Tax Cuts and Jobs Act (TCJA) of 2017 and it represented the most significant tax policy overhaul since ...

Which states tax Social Security? Most states don't tax Social Security but some do. Here's which ones they are, and how they might do it.

Introduced in Budget 2022, the ITR-U or Updated Income Tax Return is the form that allows you to rectify errors or omissions ...

Modern payroll software is one of the most important tools accountants can have in their tech stack. But what are the key features of payroll ...

Receiving a tax refund is one of the most anticipated events of the financial year. It is an opportunity to strengthen one's ...

Tax breaks introduced in budget 2025 have reduced the tax advantages of equity investments for small and medium investors, ...

If you don't pay what you owe on your taxes when you request an extension, you might get hit with an underpayment penalty. To ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Major tax-prep providers like Intuit’s TurboTax and H&R Block say they can do “simple” federal income-tax returns for free.