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

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.

Missing IRS deadlines can carry financial consequences. Failure to file and pay a tax return on time can result in a penalty ...

Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...