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

The IRS has published a private letter ruling on Section 2056(b)(7), granting the taxpayer an extension of time to make a qualified terminable interest property (QTIP) election on a supplemental ...

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.

Taxpayers who typically receive tax refunds by paper check could be surprised next year when the IRS initiates new steps to ...