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.

The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

The IRS will phase out the use of paper checks for refunds beginning Sept. 30 and will publish detailed guidance later.

The Trump White House set a Sept. 30 deadline for the Treasury Department to stop cutting paper checks, although the IRS said ...

ISLAMABAD: After repeated promises of simple form, the Federal Board of Revenue (FBR) has finally issued a comprehensive income tax return form for traders for tax year 2025. The return form for the ...

The IRS Form 1040 is the primary document used by taxpayers in the United States to file their annual income tax returns. It serves as a comprehensive summary of your financial year, detailing all ...

Many taxpayers are confused about Form 10-IEA, which is required for opting in or out of the new tax regime, especially those with business income using ITR3 or ITR4. Missing the filing deadline ...

Speculation of $1,390 direct deposit relief payments and other new stimulus check amounts in September for low- and middle-income taxpayers have been debunked by the Internal Revenue Service, but the ...

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 ...

The Internal Revenue Service posted guidance just in the nick of time for some taxpayers on the treatment of research and experimentation expenses under the new tax law. On Thursday, the IRS released ...

IRS ends paper refunds Sept. 30; filers must choose electronic delivery or risk refund delays or forfeiture—act before Oct.