Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the taxpayer categories, such as individuals, Hindu Undivided Family (HUF), ...

The 943 form is for employers who paid wages to agricultural employees (farmworkers) that are subject to federal income tax withholding or Social Security and Medicare taxes must file a Form 943, ...

A tax return may be inaccurate or incomplete for various reasons, and can result in it being rejected by the IRS.

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

Employees can claim Leave Travel Allowance (LTA) exemption while filing their Income Tax Return (ITR), even if their employer has not included it in Form 16. However, they must follow proper ...

Here’s what you need to know: The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 tax return but left the data field for the Recovery Rebate Credit blank ...

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“Additionally, your name on the tax return must exactly match what's on your Social Security card — adding or omitting a middle initial, for example, can lead to confusion.” Errors in your ...

From April 1, 2025, the new income tax return filing season will start for AY2025 -26. For salaried taxpayers, their employer will provide a Form 16 containing all income tax details for the ...

While Form 16 simplifies the ITR filing process, it is not mandatory. You can still file your income tax return using alternative documents, such as: Salary slips – To verify your salary income and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...