New income tax brackets for 2026 released
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Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more.
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IRS launches new form for 2025 deductions, including tips and overtime pay
The IRS introduces Schedule 1-A for 2025, letting you deduct qualified tips, overtime pay, vehicle loan interest, and enhanced senior deductions, following the OBBBA legislation.
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.
We'll cover what this important tax document is, and then list ten key items stressing the importance of correctly filling out and updating the W-4 form. After that, we’ll briefly mention common mistakes with the W-4,
The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.
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IRS Form 1040 has updates before the October 15 deadline
As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.
The Internal Revenue Service (IRS) has recently announced that taxpayers can now download and print tax forms for the 2023 and 2024 tax years. TRAVERSE CITY, MI, US ...
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Small Business Tax Credits: Your Complete Guide to Reducing Your Tax Bill Dollar-for-Dollar
These tax credits can reduce your small business’s tax burden, saving you money and helping your business grow.
Learn how to fix errors, report missing forms, and stay compliant with the IRS before filing your 2024 tax return.
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS ...