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 ...

We'll cover what this important tax document is, and then list ten key items stressing the importance of correctly filling ...

After years of uncertainty and changing requirements, the 1099-K reporting rules for 2025 are now set, and the thresholds ...

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 ...

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

The Internal Revenue Service (IRS) has just released the updated Tax Form 1040 Schedule C instructions and printable forms for the 2023 and 2024 tax years. TRAVERSE ...

The comment period has been extended to March 31, and the extra 45 days to perfect R&D claims is now available Jan. 10.

The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 ...

The IRS has extended the comment period for Form 6765 draft instructions on the Credit for Increasing Research Activities to ...

Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.

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