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 ...
Nathalie Goldstein, MyExpatTaxes' CEO, helps Americans stay tax-compliant while living abroad with her user-friendly US expat tax software. If you, like many Americans abroad, filed a tax extension ...
In a significant policy shift, the IRS has revised Form 14457, Voluntary Disclosure Practice Preclearance Request and Application, the cornerstone of its Voluntary Disclosure Practice (VDP), by ...
When you buy through links on our articles, Future and its syndication partners may earn a commission. If you are self-employed or have earnings outside of your job, you may need to make estimated tax ...
If you’re feeling behind or waiting on documents, a tax extension gives you extra time to file — but not to pay. In this guide, you’ll learn how to file a tax extension, which forms you need, key ...
The Internal Revenue Service (IRS) has issued a reminder to millions of U.S. taxpayers living and working abroad to file their 2024 federal income tax returns and pay any taxes due by June 16. The ...
Child care is expensive — and if you’re a working parent or caregiver, you’ve probably felt the sting. But here’s the good news: if you paid for child or dependent care so you could work or look for ...
Corrections & Clarifications: This story was updated to correct the deadline to file past due returns for 2021, which is April 18. With the clock ticking on tax season, the IRS is reminding Americans ...
Tax deadline 2025 is here—it’s April 15 today, and if you haven’t filed your taxes yet, this is your last chance to act. Whether you’re ready to submit your return or you’re still figuring things out, ...
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