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IRS TAX DEDUCTIONS
ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respond- Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefits
- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demands
- ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...11 Jun, 2026, 07.43 AM IST
- Pension is salary, family pension is not: Key tax rules pensioners must know before filing ITR for AY 2026-27Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...01 Jun, 2026, 07.11 AM IST
- 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...22 May, 2026, 04.22 PM IST
- Donald Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax systemDonald Trump's tax probes have ended. The Internal Revenue Service agreed to drop all pending investigations into the former president's ta...22 May, 2026, 03.54 PM IST
- Americans could get $1,700 back in a new tax credit; here's who qualifies and how to claim itA new federal education tax credit is putting up to $1,700 back on the table for eligible Americans, and families across the U.S. are start...14 May, 2026, 07.44 PM IST
- Don’t make this tax mistake: Key quarterly deadlines that could save you moneyMissing quarterly tax deadlines can cost you extra money in penalties and interest. People who earn on their own or expect to owe taxes mus...02 May, 2026, 06.56 PM IST
- Waiting for your tax refund? IRS reveals schedule and tracking tool for taxpayersThe IRS has introduced a new online tool to help taxpayers track refunds and manage payments easily. Many Americans are waiting for their t...18 Apr, 2026, 05.58 PM IST
- 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...16 Apr, 2026, 12.27 PM IST
- Income Tax deadline extension: On Tax day, are tax payers really receiving IRS refunds of $5,000, $8,000, $11,000? Here's reality checkIncome Tax cuts: White House boasted that average refunds were projected to rise by at least $1,000. But currently, the average refund amou...15 Apr, 2026, 11.05 PM IST
- IRS no tax on tips 2026: Can you really deduct up to $25,000, who qualifies, and how much tax can you save?IRS no tax on tips 2026 is trending fast. Up to $25,000 deduction is now possible. That is real money saved. This rule applies to tax years...15 Apr, 2026, 01.11 AM IST
- Millions of taxpayers hit with penalties for this one mistake the IRS says you are makingOver $160 million in penalties pushed the Internal Revenue Service to issue an urgent IRS hidden tax credits penalties warning for 2026. Mi...28 Mar, 2026, 06.51 PM IST
- Are you ready for your refund? IRS issues new update before April 15 deadlineIRS tax deadline 2026: About 55 million Americans have already filed taxes in 2026, but many still risk missing the IRS tax deadline April ...11 Mar, 2026, 11.25 PM IST
- IRS announces $6,000 senior tax deduction for 2026 — See if you qualify and boost refunds amid rising living costsOlder Americans may qualify for a new $6,000 IRS tax deduction in 2026. The benefit targets seniors facing rising healthcare, grocery, and ...22 Jan, 2026, 07.02 PM IST
- Tax refunds could be delayed in 2026 after major 2025 law changes, lawmakers warnIRS warns of possible delays in 2026 tax refunds. New deductions for tips and overtime complicate filings. Staff cuts and high turnover lea...31 Dec, 2025, 04.54 AM IST
- Up to $25,000, tax-free: A little-known IRS rule is creating a rare cash opportunity for AmericansAmericans could miss up to $25,000 in tax-free tips and overtime deductions under new IRS rules. Only voluntary tips and the premium portio...22 Dec, 2025, 11.30 PM IST
- IRS unveils new form letting workers claim tax deductions on their tipsIRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 make it easier...04 Oct, 2025, 11.17 PM IST
- IRS Schedule 1-A explained: How to claim tax breaks for tips, overtime, car loans, and seniorsIRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car loan interest ...23 Sep, 2025, 11.44 PM IST
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