IRS: Learn how to claim new tax deductions available in the IRS Schedule 1-A, covering tips, overtime pay, car loans, and enhanced deductions for seniors.

Taxpayers may continue using the existing forms and procedures for filing their taxes in the meantime, the IRS said. The move ...

The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...

Tax season is well underway, and that means you should have received one or more income statements from employers or any other entities that paid you income in 2024. IRS rules state that all tax ...

The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

Tax season begins this month. And this week, the IRS posted a reminder for those who want to get ready for tax season now. "As the IRS continues its digital transformation, it’s making filing easier ...

Wondering about a stimulus check in 2025? See Trump rebate eligibility, IRS where's my refund, get my payment status tracker ...

You can claim adults as dependents in certain cases, even if they’re not a relative, if they meet the IRS criteria. Here’s how to know if someone qualifies and what tax credits you could receive. Try ...

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024 and $2,500 in 2025 before reaching the ...

If you are still waiting for your 2025 IRS tax refund, you are not alone. While many taxpayers have already received their deposits, several factors could be delaying yours. The average 2025 tax ...

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