The tax department on Saturday (February 7, 2026) released draft rules and forms under the new Income Tax Act, 2025, which proposes to simplify the provisions and reduce compliance burden for ease of ...

Income Tax Department on Saturday proposed reducing number of rules by around 35 per cent and eliminating more than half of the forms under new Income Tax Act. The act will be effective from April 1 ...

Corrections & Clarifications: This story has been updated to correct when Colorado taxpayers will have to add the portion of overtime pay that will not be subject to federal income taxes back to their ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax. Don’t panic just yet. Credit...Joanne Joo Supported by By Tara Siegel ...

Accrual, a tax prep and review platform for firms that launched today with $75 million in funding, supports every federal and state tax form, as well as the unstructured data to fill it, according to ...

PHOENIX — It’s tax season, but there’s a problem: Arizona’s state tax forms have provisions that aren’t in state law. The tax forms include the tax cuts from President Donald Trump’s One Big Beautiful ...

GREENSBORO, N.C. — $1,000 deposited into a bank account, and all you have to do is fill out a tax form? It's true. “We are finding it from the government for children that are born in 2025,” said ...

PHOENIX — Gov. Katie Hobbs is disavowing what members of her Department of Revenue told lawmakers about what happens if people start filing state taxes using the forms now available. The governor said ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

The Union Budget 2026–27 did not introduce any changes to income tax rates, but announced several targeted measures to ease the compliance burden for individuals and small taxpayers, part of a broader ...

Reporting cryptocurrency on your taxes is changing for the 2026 tax season. This year, the IRS is introducing a new dedicated crypto tax form called 1099-DA for all "digital asset proceeds from broker ...

The state Department of Taxation and Finance announced that Monday, Jan. 26 started the 2025 income tax filing season. This is when the tax department and IRS will begin accepting and processing ...