Since lenders require you to repay a personal loan, they are considered debt and not taxable income. If a lender forgives some or all of the loan, you may have to pay taxes on the forgiven loan amount ...

This won’t impact your tax return unless more than $18,000 is forgiven. What happens if you don’t report a 1099-C? The IRS considered canceled debt income because you didn’t repay a loan you ...

The earned-income tax credit is based on family income and size ... to offset unpaid child support or other past-due federal debt, like student loans. Be aware that 2020 returns must be filed on paper ...

You need to check all the information provided by the tax authorities. You need to change the relevant elements of your online return. The 2023 Online Income Tax Return starts april 11 ...

Since the new tax regime was introduced in the 2020 budget, taxpayers can file their income tax return under one of two tax regimes. When it started, one could select between the old and new tax ...

Launching early online tax filing on its platform, Tax2win is empowering tax filers to submit their tax returns ahead of the usual start date in May.

Ndeye Amy Thioub, 67, was charged with filing false tax returns and filing false tax returns as a federal employee, the U.S. Attorney's Office said.

Many taxpayers find it difficult to ascertain which tax regime makes them pay lower tax in a financial year. The simple answer to that is the amount of deductions claimed by you in the old tax regime.

For example, individuals and businesses that were hit by the severe storms and tornadoes in parts of Michigan last August now have until June 17 to file their income tax returns. Taxpayers do not ...