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 ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The IRS, Social Security Administration (SSA), U.S. Department ... Request an application over the phone. Alternatively, you can print and fill out FMS Form 1201W (PDF) to request a waiver to receive ...

The time it takes to receive a federal income tax refund could drag out six weeks and more next year for many people who are bound and determined to receive a paper check in the mail. Beginning next ...

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

As of November 2023, 541 participants in the plan received gender-affirming care, representing 0.007% of the overall ...

The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 for individuals. The IRS published a draft of the 2025 version of Form 8880, ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

Jonah Hill? Is that you? The 41-year-old actor looked unrecognizable while shooting scenes for his forthcoming movie, “Cut Off.” Hill, who was photographed alongside co-star Kristen Wiig, showed off ...

Here’s how an IRS offer in compromise works, what it takes to qualify and what to know about the program. Many, or all, of the products featured on this page are from our advertising partners who ...

WASHINGTON (AP) — The IRS will furlough nearly half of its workforce on Wednesday as part of the ongoing government shutdown, according to an updated contingency plan posted to its website. Most IRS ...

Taylor Tepper covered banking, investing and pretty much everything else in personal finance for more than a decade, with his work appearing in the New York Times, Fortune and MONEY magazine, as well ...