The standard deduction is rising to $32,200 for married couples filing jointly in 2026, an increase of $700 over 2025.

Generally, after September 30, 2025, the Treasury Department has said that all federal agencies will cease sending and ...

ISLAMABAD: In a dramatic U-turn, the government on Friday scrapped the asset valuation column from the tax return form for 2025 — just a day after issuing a strongly worded clarification — bowing to ...

The deadline for filing income tax audit reports is October 31, 2025, for eligible taxpayers, who must use forms 3CA, 3CD, and 3CB. Late submissions may incur penalties. Recent amendments to Form 3CD, ...

Industrialist bodies have expressed deep concern over recent amendments introduced by the Federal Board of Revenue (FBR) in income tax return and wealth statement forms, calling the move unjust, ...

UAE businesses must submit returns, settle corporate tax within nine months to avoid fines Dubai: The Federal Tax Authority (FTA) has issued a reminder to all Corporate Taxable Persons, including ...

The All India Federation of Tax Practitioners (AIFTP) has called on the Central Board of Direct Taxes (CBDT) to extend the due dates for filing income tax returns (ITRs) and tax audit reports for the ...

The Income-Tax Department is cracking down on fraudulent tax exemption claims, estimated at ₹700 crore, leading to potential refund delays, especially for claims over Rs 10 lakh. Discrepancies include ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...