Month: February 2019

Demystifying Life Insurance – one myth at a time

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Life Insurance policies are often surrounded by a canopy of myths and confusion. This is mostly due to a lack of awareness which leads to a lot of hesitant [...]

Tax Credit and Tax Deduction – what’s the difference?

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How many times have you heard the terms “tax credit” and “tax deduction” being used while wondering if they mean the same thing? Well, let us clear [...]

Super bowl fans, here are some football tax tips for you!

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It’s that time of the year again - the season for bragging rights, the season to watch your old heroes test their mettle while new ones are born. Yes, we [...]

E-filing Taxes: Why you should file your tax documents at the earliest

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The IRS announced the beginning of tax season from the 28th of January. The sooner you file your return and settle your tax liability, the better. A lot of [...]

IRS recalls half of the employees this tax season

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With the US Government going through a shutdown, a lot of government workers have been furloughed. This includes the IRS too, which lost its funding for the [...]

The most important day of January 2019!

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With the Government shut down for an unprecedented duration, it is no surprise that everyone is feeling anxious about filing their tax returns and claiming [...]

New Tax Implications for the New Year!

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With January almost gone, the new year vibes seem to be dying down. However, the new tax provisions might still be a little unclear to a lot of people. [...]

Stringent Norms and Strict Monitoring on Transactions by Income Tax Department

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  In its attempts to discourage the use of physical money, and monitor illegal transactions to curb corruption, the Income Tax Department has [...]

Confused about the benefits of 199A deduction? Here’s all you need to know!

December 22, 2017, saw the birth of the most sweeping tax legislation in the US since the Tax Reform of 1986.  Known as the Tax Cuts and Jobs Act(TCJA), it [...]