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The Income Tax department said that ITRs 1, 2, 4 and 6 have been made available on e-filing portal from April 1, 2024. The tax department said about 23,000 returns have already been filed for the 2023-24 fiscal year, reported PTI. This is for the first time in recent years that the Income Tax department has enabled taxpayers to file their I-T Returns on the first day of the new financial year. Watch the video to know more.
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Jim Cramer highlighted the role of share count reduction behind more than half of the S&P 500 stocks achieving new 52-week highs in the first quarter.
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For the first time ever, the Solar Orbiter probe, launched by NASA and the European Space Agency, has captured video footage of two solar eruptions on the sun’s surface.
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The deadline to file your taxes this year is Monday, April 15th, but the IRS is warning taxpayers of one other crucial deadline.The Federal Tax Collector said roughly 940,000 people in the U.S. have until May 17th to submit tax returns for unclaimed refunds for tax year 2020, which totals more than $1 billion nationwide.
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We now have more than one hundred thousand miles of local roads across England and Wales that could need to be rebuilt within the next fifteen years, according to a yearly review of UK roads. The Annual Local Authority Road Maintenance or ALARM survey also found surface conditions have also declined - that's despite nearly one hundred and forty millionpounds being put towards filling in two million potholes in the last year. Just forty seven percent of local road miles were rated as being in a good condition, with thirty six percent adequate and seventeen percent poor. But, the rate at which roads are being repaired is up to its highest level in eight years, with the amount local councils are spending on improvements also increased across the board. But how are the roads near you? <br/><br/>The transport spokesman for the Local Government Association said the ALARM report reveals 'the huge challenge faced by councils in maintaining the local roads network', with roads deteriorating faster than they can be fixed, causing a backlog. But a Department for Transport spokesperson explained they've made extra money available for local authorities this year.
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Households across England have seen a surge in essential bills from April 1st. <br/><br/>Council tax bills for an average Band D property rise by on average 5 per cent to £2,171, according to statistics from the Department for Levelling Up, Housing, and Communities. Water bills are also on the rise, with the average household facing a 6 per cent increase to £473 a year. <br/><br/>Broadband bills jump by 7.9 per cent, drawing criticism from consumer groups. Additionally, the annual TV licence fee will escalate to £169.50, and road tax is set to increase by at least £10 a year. <br/><br/>However, there is some relief as Ofgem lowers the energy price cap, offering a decrease of £238 over the course of a year for the average household.
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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
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Antivirus software company McAfee recently released its 2024 Tax Scams study and found that 25% of Americans have lost money to such an AI-generated tax scam.
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Since the trade deadline, the Mavs have been on a roll. But do they check off these boxes that define a contender? The K&C Masterpiece discuss in the video above.
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Sometimes, you just need more time. With the deadline to file a tax return with the IRS fast approaching, options are available for those feeling the pressure of time slipping away. Veuer’s Maria Mercedes Galuppo has the story.
⏲ 0:41 👁 3.9M
The ALARM report reveals a staggering sixteen point three billion pounds is needed to fix the country's roads. The Asphalt Industry Alliance, which carried out the research, says our nation's highways are heading towards 'breaking point'. Tax-paying motorists are keen for the issues to be fixed but cash-strapped councils are struggling to keep up.
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