With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents. The changes will eventually apply to around 170 million letters that are ...

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 ...

The IRS has released provisions from the One Big Beautiful Bill Act (OBBBA) for workers who can claim deductions for the 2025 ...

WASHINGTON – Be prepared for the tax man to get even more personal this year – with questions about your health insurance. For the first time, you'll have to state whether you had health insurance, ...

The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall ...

CBDT Chairman stressed that the department aims to make the new forms straightforward, ensuring taxpayers can comply with ...

The Income Tax department will implement simplified ITR forms and rules under the new Income Tax Act, 2025, effective April 1, 2026, CBDT chief Ravi Agrawal said.

The I-T department will by January notify the ITR forms and rules under the simplified Income Tax Act, 2025, which will come ...

The intent of the department is to keep the I-T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...