Carbon tax concessions granted to global oil giants may undermine incentives to shift to cleaner energy, environmentalists ...

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

Learn about qualified distributions from retirement accounts, IRS rules, tax implications, and how to maximize your tax benefits while avoiding penalties.

Chicago Mayor Brandon Johnson joins Lisa Dent to discuss federal ICE agents in Chicago, and his proposed tax plans. Mayor Johnson shares his dissatisfaction with the detainments made by ICE.

“Treasury and the IRS understand there might be challenges implementing the new law and have determined it is in the interest of sound tax administration to provide limited penalty relief related to ...

The Internal Revenue Service (IRS) has announced that it will provide a grace period for companies that send money overseas. This decision was made because of a 1% tax from the “One, Big, Beautiful ...

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 Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

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 ...