The traditional penalty for an individual who has not filed their taxes by the deadline is 5 percent of the tax due for each month the return is late. The penalty accrues up to a maximum of 25 percent ...

Time's up. US income taxes are due today, Tuesday, April 15. If you're staring at the clock, wondering if there are enough hours in the day for you to finish your 2024 tax return don't fret. You can ...

The IRS offers the amended tax return process to ensure accurate federal tax records for individuals or entities. Even for ...

For victims of Hurricane Helene and Hurricane Milton in various states including West Virginia, Alabama, Florida, Georgia, ...

Still waiting to file? Here are your deadlines to complete and mail in or electronically transmit your 2024 federal tax return.

Taxpayers can now file their returns for FY 2024–25 using the latest ITR forms notified by the Income Tax Department. Forms ITR-1 to ITR-5 are already available, with updated eligibility rules and ...

Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to ...

While taxpayers can request extensions to file their tax returns, they must still pay what they owe by April 15. Some California residents are granted extensions for payments due to wildfires ...

The IRS advises taxpayers not to depend on receiving a refund by a specific date, particularly when making significant ...

OTTAWA, ON, May 8, 2025 /CNW/ - The Canada Revenue Agency (CRA) understands that life can move fast, and tasks like filing your income tax and benefit return can slip through the cracks.