Tags » Itemized Deduction

Wrong info in ITR will be reported to employers: I-T to salaried class

The Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or “inflating” deductions while filing their returns, stating violators will be prosecuted and their employers will be intimated to take action against them. 142 more words

File Your Taxes Online

Every year nearly 4 billion trees are cut down just to make paper. Thousands of those trees can be saved each year if every American would just file their taxes online. 35 more words

Featured

Tax obligation Reform Essentials-- The Tax Obligation Cuts and also Jobs Act

Tax Cuts and Jobs Act

If you have activated the radio or the TV in the previous 12 months, you have actually probably found out about Tax Reform as well as Head of state Trump’s “Tax Cuts as well as Jobs Act.” Regardless of your political viewpoint, the Tax Cuts and Jobs Act is the greatest tax obligation reform in more than thirty years. 1,282 more words

Itemized Deduction

La Nueva Ley de Taxes en 6 Preguntas

El pasado 4 de Noviembre publicamos un Super-resumen  respecto al entonces proyecto de ley, desde la fecha y en tiempo record, el proyecto ha sufrido considerables variaciones, ajustes y adiciones. 372 more words

Economia

Let's Look at Tax Reform: Conference Bill Changes

Much of the tax reform won’t take effect until January 2018 and likely will not affect 2017 filing season.  However, there are some planning factors that may affect what is done during this final month of 2017. 391 more words

IRS

GOP Tax Act could have a Chilling Effect on Donations

With the increase in the standard deduction for couples from $12,700 to $24,000 under the bill, less Americans are going to opt for itemized deductions over the standard deduction. 133 more words