IRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car ...
Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.
A taxpayer faced issues due to an incorrectly filed Income Tax Return by their Chartered Accountant. Despite refiling with a new CA and informing the Income Tax Department, they received a tax demand ...