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 ...

I recently received a “Federal Juror Qualification Questionnaire ” in the mail. The letterhead says “United States District Court ” and it asks me to fill out a questionnaire online. It looks ...

When it comes to taking tax advice, you might want to ignore what you see on social media, the Internal Revenue Service warns, since much of the so-called advice from “tax experts” is a scam that can ...

(NEXSTAR) – The self-described tax experts of TikTok and other social media sites have cost American’s $162 million in penalties since 2022, the IRS said in a news release Monday. Advice on the most ...

According to the agency, thousands of taxpayers have filed inaccurate returns after following misleading posts and bad actors posing as tax experts online. The problem prompted more than $162 million ...

Social media can be costly for taxpayers who turn to it for advice on filing returns, the IRS reiterated Monday. Since 2022, the IRS has seen a surge in questionable refund claims, singling out the ...