As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

If your income exceeds $34,000, up to 85% of your benefits could be taxed.

Joy Taylor: The tips deduction begins to phase out at modified AGI over $300,000 for joint filers and $150,000 for other filers. More specifically, the write-off is reduced, but not below zero, by ...

All wagering and loitering winnings are susceptible to typically the 24% federal tax withholding, as well” “while state and community taxes. Once you’ve reported gambling winnings for federal taxes, ...

Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax ...

You can make the process of filing your income taxes less painful and time-consuming by filing online. The best tax-prep offerings have both free and paid tiers, as well as robust live and AI-powered ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...

Ready to mail your third-quarter estimated tax payment? Mailing addresses for some Forms 1040-ES have changed. Here’s what you need to know about estimated tax payments—and where to mail them.