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IRS RULE CHANGES
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
US: First came Congress. Now a national redistricting battle may turn to statehouses and city councilsA new phase of redistricting is unfolding across America. States like Georgia are redrawing electoral maps for Congress and state legislatu...
Trump Accounts app for kids goes live: Who qualifies for $1,000 government deposit, how parents can apply, launch date, app features, contributions and withdrawal rules explainedTrump Accounts for kids app explained: Parents can now access the Trump Accounts mobile app, a new government savings program for children....
Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
Vijay pulls off a Kejriwal in Tamil Nadu over a decade after AAP's rise in DelhiTamilaga Vettri Kazhagam (TVK) led by actor Vijay is set to win its first Assembly elections in Tamil Nadu. This mirrors the Aam Aadmi Part...
Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millionsTesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the ...
Is tax clearance mandatory before foreign travel? What the Income-Tax Act, 2025 saysThe introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...
Are tips tax-free now in the US? IRS announces deduction for tip workers - but there’s a catch; Eligibility rules and deduction limits explainedThe 'no tax on tips' rule made headlines across the US, raising hopes among service workers of major tax relief. But the policy is not as s...
Tax return postmark rules 2026: 1-day delay risk— Will mailing taxes last minute make your IRS filing late?A 1-day delay can now make your return late. The tax return postmark rules 2026 have changed how the IRS reads mailing dates. Many taxpayer...
Don’t miss this! IRS tax debt deadlines that could cost you bigIRS Tax Debt Deadlines Explained: Understanding IRS tax debt deadlines is crucial to avoid accumulating interest and penalties. The IRS has...
Missed the tax deadline? How to easily file for an IRS extension nowMissed the tax deadline? You can still apply for an IRS extension and get more time to file your return. The process is simple and can be d...
Income tax staff warn of nationwide agitation in April-May: 'Pushed to the brink’ over work pressure, delayed promotionsTwo major Income Tax Department employee associations, representing nearly 97% of the workforce, have warned of a seven-stage nationwide ag...
2026 USPS postmark rule change: why IRS tax returns mailed April 15 may be late, penalties triggered, and safe filing steps explainedUSPS postmark rules 2026 are creating real tax filing risks this year. Over 160 million Americans file taxes annually, and many still rely ...
Where’s My Refund IRS delays 2026: As April 15 deadline nears, what’s the real IRS refund timeline and why are refunds still slow?Where’s My Refund IRS delays 2026: Over 90% of Internal Revenue Service refunds arrive within 21 days. Taxpayers are seeing unexpected slow...
IRS tax refund 2026 crisis: Why millions of Americans owe the IRS despite bigger refunds and what to do before April 15Over 62 million refunds are already issued in the IRS tax refund season. The average payout is about $3,521. That is over 11% higher than l...
Tax deadline 2026: IRS warns mail delays could make returns lateTax season 2026 is ending soon, and many people still need to file. The April 15 deadline is important to avoid penalties. Mail delays coul...
IRS 1099-K rule change: Higher $20,000 limit brings relief for gig workers and online sellersThe new 1099-K tax rule brings relief for small sellers and gig workers using apps like PayPal, Venmo, and Cash App. The higher reporting l...
Confused by IRS ‘Fresh Start’? Urgent warning reveals what millions are getting wrongMany people misunderstand the IRS Fresh Start rules and think it wipes out tax debt. Experts warn this is not true. It is not a special pro...
Don’t be misled: The IRS fresh start program won’t wipe out all your debtThe IRS Fresh Start program helps taxpayers manage tax debt but does not erase everything. It makes it easier to apply for payment plans, s...