TaxBandits has released a free e-book, “Everything You Need to Know About Form 941,” to help small businesses simplify payroll tax filing and avoid penalties ahead of the July 31 Q2 deadline. ROCK ...

The IRS has released updated federal income tax brackets and standard deductions for the 2026 tax year, which will apply to returns filed in 2027. Democrats Launch Investigation Into Trump’s ‘Theft’ ...

The new “no tax on tips” provision for U.S. workers doesn’t apply to mandatory tips, such as those some restaurants require of large parties, the Internal Revenue Service has clarified. Related ...

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 ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

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 ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

The Federal Board of Revenue (FBR) has issued the new five-page income tax return form for traders for the year 2025. The form seeks detailed business, financial, and personal information from ...