As tax season is in full swing, let’s take a look at the most common tax deductions and credits in Canada for individuals
A tax deduction offsets your taxable income, whereas a tax credit offsets your tax payable. 343 more words
WASHINGTON (AP) – The IRS says it has resolved a computer system outage and is again accepting electronically filed tax returns.
In a statement on Thursday, the agency says it had resumed processing individual and business tax returns at about 5 p.m. 105 more words
WASHINGTON (AP) — The IRS stopped accepting electronically filed tax returns Wednesday because of problems with some of its computer systems. The outage could affect refunds, but the agency said it doesn’t anticipate “major disruptions.” 156 more words
Although the deadline for filing tax returns isn’t until March 15 for corporations and April 15 for individuals, there are plenty of good reasons why you should get your tax information to your accountant sooner rather than later. 736 more words