Tax season has officially opened. Starting Monday, tax returns can be filed for 2024 income. This year the Internal Revenue ...

Federal income tax returns are due on April 15, but there are several other important dates to remember throughout the year.

Then, use Appendix B, Worksheet 1 from IRS Publication ... To contribute to a spousal IRA, you must be married and filing a joint tax return with enough earned income to cover both contributions.

Joint filing is a popular choice among married couples during tax season, but what will it actually do for you?

Under joint taxation, a married couple would be treated as a single taxable unit, allowing them to combine their incomes when filing tax returns, similar to systems already in place in countries ...

If you are a married couple filing jointly, you may be subject to higher premiums for Medicare Part B and Part D if your modified adjusted gross income (MAGI) exceeds certain thresholds.

The standard deduction for married couples filing jointly is $29,200. For single taxpayers and married individuals filing separately, the standard deduction is $14,600. For the head of household ...

Mechanism for joint filing of tax returns for married couples like the US by introducing a new Form, allowing income to be split and deductions to be claimed collectively. Implement a system for ...

Single: $609,351 or more Head of Household: $609,351 or more Married Filing Jointly or Qualifying Widow: $731,201 or more Married Filing Separately: $365,601 or more Annual adjustments for inflation.

ICAI said that if accepted, this proposal could offer substantial tax relief and encourage equitable taxation for households. The Tribune, now published from Chandigarh, started publication on ...

Union Budget 2025: The Institute of Chartered Accountants of India (ICAI) has suggested to the Centre in its pre-budget memorandum that in the upcoming Budget 2025, married couples should be ...