With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

The federal car loan interest deduction is available for the 2025 through 2028 tax years.You may be able to deduct up to ...

Many taxpayers in the United States could be missing out on a substantial refund simply because they do not claim a credit ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the new $6,000 senior deduction and how to claim it on your tax return.

The Credit for Other Dependents provides a $500 tax benefit for qualifying dependents who don’t meet the requirements for the ...

The institute called on the IRS and the US Treasury to use their authority under section 6654(e)(3)(A) to grant penalty ...

The IRS has published filing instructions for the new Schedule 1-A and Form 1040 instructions for taxpayers to claim no tax ...

Every year, thousands of taxpayers in the United States miss out on potential tax refunds by not claiming them in time. Many ...

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

Many Americans could see changes to their tax refunds this year due to updates in the One Big Beautiful Bill Act ...

A new $6,000 senior tax break is drawing cheers and backlash alike. Learn more about how it works, who qualifies, and why ...