the IRS has historically made tax relief announcements to help individuals and businesses affected by severe storms, tornados, flooding, hurricanes, straight-line winds, wildfires, and drought. The relief typically comes in the form of filing and payment extensions, penalty and interest waivers, and...
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(Note: Tax relief for life insurance premiums/takaful contributions, once only for self and spouse, now covers self/voluntary EPF contributions (up to RM3,000). YA 2023 allows both public servants and private sector employees to claim this combined relief.)...
Your tax filing deadlineandpayment deadline,if you are “out of country”, is Monday, June 16, 2025 (normally June 15, but that falls on a Sunday in 2025). If you are out of country, you typically have an additional two months to file your taxes (from the typical April 15 date)....
For many people, 2024 has been a challenging year for financial and tax planning. Here's everything you need to know to complete your taxes accurately and efficiently this year.
According to the IRS, the tax relief postpones various tax filing and payment deadlines that occurred starting Jan. 8, 2023. Those affected have until May 15, 2023, to file returns and pay any taxes that were originally due during this period. This incl...
Tax relief provided for taxpayers contributing to the battle against COVID-19 May 2020: Tax Alert (English) Additional Business Sectors Eligible for Tax Incentives during COVID-19 Outbreak April 2020: 4thedition (English) Guidance for Calculation of Monthly Income Tax Installments for Fiscal Years ...
In addition to extending filing and payment deadlines, the IRS will allow affected taxpayers to exclude qualified disaster relief payments from their gross income and to deduct losses as a part of their itemized deductions. For more details, visit IRS.gov. Another provision allows eligible ...
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