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 ...

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

The Internal Revenue Service (IRS) has officially announced that standard tax forms and withholding tables will remain unchanged for the 2025 tax year, despite the recent enactment of the One Big, ...

IRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 ...

The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...