Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...

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 ...

For those not versed in the lingo of taxes, the distinction can be confusing. But understanding which path is right for you ...

The IRS on Thursday announced adjustments it is making to a host of line items on your federal tax return for this year and next. Those updates are the result of changes in inflation, but also due to ...