WebApr 12, 2024 · Zero tax payable for income up to Rs 7 lakh An individual opting for the new tax regime for FY 2024-24 will pay zero tax if the taxable income does not exceed Rs 7 lakh in a financial year. Further, an individual having taxable income up to Rs 7.5 lakh can claim the benefit of standard deduction of Rs 50,000. WebMay 20, 2024 · Some qualifying American’s might still be waiting for their economic-impact payments, or stimulus checks. These are the roughly $1,200 checks from the Treasury to help people through the...
Stimulus check IRS phone number: How to call about your payment
WebApr 12, 2024 · This reflects both a strong economic rebound and the unexpected inflation surge, which fueled higher-than-expected nominal GDP growth and tax revenues. On average, advanced and emerging market economies (excluding China) experienced debt reductions of about 2 to 3 percent of GDP last year, thanks in large part to inflation … WebApr 14, 2024 · Actual tax returns should be held onto forever. But when it comes to supporting documents such as receipts and canceled checks, it is a good idea to keep these items for up to six years after the return due date or file date. For example, if you have filed your 2024 tax return by the due date of April 15, 2024, the IRS only has three years ... happy birthday funny male friend
How Long Should You Keep Tax Records? - Wegner CPAs
WebMar 22, 2024 · The Internal Revenue Service Economic Impact Payment phone number is 800-919-9835, but you should be aware that “IRS live phone assistance is extremely limited at this time,” according to the... WebApr 12, 2024 · April 12, 2024 — Damian Davis has been sentenced in federal district court to 24 months in prison followed by five years of supervised release for bank and wire fraud as part of a scheme to defraud the Paycheck Protection Program (PPP) out of loan proceeds. These loans are guaranteed by the Small Business Administration (SBA) under the … WebSep 2, 2024 · If you’re curious about learning more about the history of Economic Impact Payments, visit the IRS Economic Impact Payment Information Center. Who is eligible for Economic Impact Payments and how is the payment amount determined? Eligibility for Economic Impact Payments is determined as follows: Eligible taxpayers who filed tax … chair of the conference