Income Tax Act 2025: What is Form 121 and why should it be submitted to the bank for tax year 2026-27?

Form 121 has replaced Form 15G and Form 15H, which must be submitted to avoid TDS. A single form removes confusion about ...
Tax Guru

Bogus Purchases Allegation Rejected as Sales, Stock & GST Records Accepted

The Tribunal held that purchases supported by invoices, GST records, and banking transactions cannot be treated as bogus. It ruled that documentary evidence outweighed doubts raised by the ...

ITR filing 2026: Government releases ITR forms for AY 2026–27; check details of ITR-U and ITR-V

New Income Tax Return forms are now available for Assessment Year 2026-27. The updated ITR-U form allows taxpayers to correct ...

ITR-U filing deadline: Last chance to fix errors before March 31

ITR-U lets taxpayers correct errors or disclose missed income. March 31 is key; delay increases extra tax liability. Budget ...
Democrat and Chronicle

Where’s my tax refund? How to track your IRS refund in 2026

Here’s what to know this tax season — from when your refund may arrive to how to check its status. The Internal Revenue Service started accepting federal tax returns in late January. Federal income ...
AOL

People who aren't Uber drivers are getting tax forms for up to $12K in income, due to identity theft. How to dispute money that you never made

If you thought opening mail during tax season was stressful, imagine receiving a tax form for a job you never worked. That is exactly what’s happening to many Americans across the country, who say ...
Wall Street Journal

Washington State’s Income Tax Con

Voters are frustrated by home prices, and the Senate will soon take up the bipartisan 21st Century ROAD to Housing Act. But the bill is a 300-page melange of federal grants and pilot programs, plus a ...
OPB

Income tax bill heads to Washington governor for signature

The Washington state Legislature has passed an income tax on millionaires that Democratic Gov. Bob Ferguson is eagerly waiting to sign. FILE - Washington Senate Majority Leader Jamie Pedersen, ...
Seattle Times

WA income tax passes Senate, Ferguson expected to sign into law

OLYMPIA — The state Senate gave a final sign off to a new income tax on high earners on Wednesday, sending the measure to Gov. Bob Ferguson for his signature. The muted debate was not as dramatic — ...
Fort Worth Star-Telegram

Texas has no income tax, but a new study shows why we still rank high for taxes

Texas doesn’t have a state income tax, but a new study says residents still face some of the highest tax costs nationwide. Personal finance company WalletHub ranked the Lone Star state 42 out of 51 ...
WMUR

Some NH lawmakers push income tax plan they say will shift burden to wealthier Granite Staters

IT’S TOUCHING OFF A FIRESTORM OF DEBATE AND DISCUSSION AT THE STATEHOUSE. THE BURDEN WILL BE ON THOSE WHO ARE MOST ABLE TO PAY. A NEW PUSH FOR AN INCOME TAX IS UNDERWAY AT THE STATE HOUSE. DEMOCRATIC ...
South Bend Tribune

Understanding the "ins and outs" of the Indiana income tax return

Indiana's income tax return starts with the federal Adjusted Gross Income and has a flat rate of 3.0%. Taxpayers can claim deductions for rent, property taxes, military income and private school ...