No loss of income tax refund under new Income Tax Act 2025: Loss can be set-off with tax refund due under old 1961 income tax act

Taxpayers can now have their income tax refunds from the old 1961 Act set off against demands under the new 2025 Act, and ...

How new tax breaks could affect your 2026 refund

Early data suggests new tax provisions are increasing refunds for taxpayers.
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Tax season kicks off Monday

ROCHESTER, N.Y. — The 2025 income tax filing season officially kicked off Monday. The deadline to file returns and pay any taxes owed is midnight on April 15. This year includes changes under ...
CNBC

Your income-generating investments could create a tax bill. How to prepare for the season

The tax-filing season is officially underway, and investors – especially those who are holding income-generating assets – will want to prepare to pay the tax man. The Internal Revenue Service began ...