Public Broadcasting Service (PBS)

IRS issues guidance on tax on tips and overtime income for 2025

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...

New Income Tax Act, 2025 to come into effect from April 1; Major changes and new provisions explained

The new Income Tax Bill, 2025, will come into effect from April 1, 2026. It aims to simplify tax compliance and make it more ...
Sierra Sun Times

Treasury, IRS Provide Guidance For Individuals Who Received Tips Or Overtime During Tax Year 2025

Under the One, Big, Beautiful Bill, workers may be eligible for new deductions for tax years 2025 through 2028 if they ...
Nasdaq

Income Tax Department releases five ITR forms for taxpayers

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms released include ITR-1, ITR-2, ITR-3, ITR-4, and ITR-5, each designed for ...

ITR forms, rules under new Income Tax Act to be notified by January: CBDT chief

CBDT chief announces simplified ITR forms and rules under the new Income Tax Act to be notified by January 2026.