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 AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

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 ...

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. Quick ...

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The new forms show how new laws, ...

The saver’s tax credit allows lower-income earners to claim a credit on their tax return. To be eligible, you must also be at least 18 years of age, not be a full-time student or be claimed as a ...

Burleigh County delayed sending income tax forms to election workers due to confusion over which form they should receive. Meanwhile, county Human Resource Director Pamela Binder believes that Auditor ...

Georgia Lieutenant Governor Burt Jones announced on Thursday morning that he has formed a Senate committee to explore the idea of eliminating the state’s income tax. The Senate Special Committee on ...

The staff exodus at the IRS this year could reintroduce many of the service gaps and processing delays that were largely absent this past tax-filing season, the agency’s independent watchdog warned ...

Whether you file your taxes using online software or consult a tax professional, you need to get the right forms together. There are myriad permutations, but here is the most common information and ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...