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Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...

A new form with the Internal Revenue Service would allow taxpayers to claim deductions on cash tips they’ve earned throughout ...

The IRS introduces Schedule 1-A for 2025, letting you deduct qualified tips, overtime pay, vehicle loan interest, and ...

Generally, after September 30, 2025, the Treasury Department has said that all federal agencies will cease sending and ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

Is it coming or not? Speculation of $1,390 direct deposit relief payments and other new stimulus check amounts in September for low- and middle-income taxpayers have been debunked by the Internal ...

KANSAS CITY, Mo. — The Internal Revenue Service (IRS) is holding a hiring event to fill more than 220 vacancies at its Kansas City, Kansas, service center. This event is open to the public. The event ...

SHREVEPORT, La. -- The city of Shreveport last year was assessed $1.6 million in penalties and interest by the IRS for failing to file a required Affordable Care Act form in a timely manner, in ...

If you are wondering about a tariff rebate, state or federal tax refund, inflation check, economic impact payment or a new, fourth stimulus check in 2025, here's a status update from the IRS and how ...