India, Jan. 22 -- With the season of tax filing set to kick off in the US, a lot of buzz is doing the rounds about new tax benefits, especially in the wake of Trump's rejig of the tax regime. The tax filing season in the US begins on officially on Monday, January 26.

One recent claim that is causing quite a confusion is about the Internal Revenue Service (IRS) announcing new tax benefits for taxpayers this year. However, the information is partly misleading, as it is not new information, for starters. And secondly, it does not apply to most taxpayers.

The IRS, on January 16, put out a notice on its website confirming that the $1,776 'Warrior Dividend' payments to active-duty US Army troops that President Trump announced earlier in Decem...