Tax exemption was denied due to clerical error in ITR filing; ITAT Bangalore gives relief, says tax dept can’t take advantage of this error

The Income Tax Appellate Tribunal in Bangalore has thoughtfully ruled that clerical oversights in income tax filings won't ...
USA Today

What is income tax? How it works, different types and what states don't have it

New year, new tax filing. Filing taxes may not be the easiest task, especially with its time-consuming forms and applications. Whether you file with help from a professional or on your own, ...
Forbes

Income Tax Calculator

Enter household income you received, such as wages, unemployment, interest and dividends. Choose the filing status you use when you file your tax return Input the total of your itemized deductions, ...
Kiplinger

Are No Income Tax States Better to Live In?

When it comes to choosing a place to live, taxes sometimes influence the decision-making process. And, of course, hearing that a particular state doesn’t have personal income tax seems wonderful — but ...
The Motley Fool

What Is Federal Income Tax?

U.S. federal income tax has progressive brackets ranging from 10% to 37%. Tax deductions and credits can significantly lower taxable income and tax owed. Understanding adjusted, taxable incomes, and ...