The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...

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 ...

We'll cover what this important tax document is, and then list ten key items stressing the importance of correctly filling ...

Taxpayers may continue using the existing forms and procedures for filing their taxes in the meantime, the IRS said. The move ...

Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.

Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season as the agency aims to go completely paperless by 2025. The effort to ...

If you're banking on a refund this tax season, the IRS has a warning: You should file a complete and accurate return to avoid delays. Stream NBC 5 for free, 24/7, wherever you are. While it's been a ...

The comment period has been extended to March 31, and the extra 45 days to perfect R&D claims is now available Jan. 10.

A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...