On Giving Tuesday this year, some 38 million people donated $4 billion in a single day, according to the organization that ...

Trump accounts offer a new tax-preferred way for families to save money for their kids. Here are the pros and cons.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

A direct path to the IRS threatened a powerful player in tax prep. Now the project is gone. The Watchdog explains how—and why—it really ended.

The Internal Revenue Service has issued action items taxpayers should follow in preparation of the tax filing season.

The IRS released 2026 tax brackets—here’s how understanding your bracket can help you save with smart retirement and Roth conversion strategies.

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

If your business files Form 1098, 1099 or other information returns with the Internal Revenue Service (IRS), a major shift is on the horizon. The IRS has recently announced the launch of its new ...

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 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 ...