Teachers can benefit from the educator expense deduction, allowing up to $250 off taxable income for specific expenses. Learn about the deduction’s benefits and rules.

Learn how to navigate the new IRS rules for inherited IRAs to prevent unexpected taxes and penalties. Discover the 10-year rule, required minimum distributions, and strategies to manage your inherited ...

View post: After 20 Years of Begging, Ardbeg Just Dropped A Cask-Strength Version of Its Iconic 10-Year-Old Scotch Workers misunderstanding the IRS ‘no tax on overtime’ rule could face costly ...

Tax Relief Negotiators outlines who qualifies for IRS hardship relief and how taxpayers can stop garnishments and levies in 2026. IRS collections are moving faster in 2026, but hardship relief is ...

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...

If you can’t pay your taxes in full, don’t ignore the bill — contact the IRS early to avoid increased penalties and enforcement. The IRS offers payment plans, settlements and hardship status, ...

As the 2026 tax season begins, the Internal Revenue Service has outlined key deadlines for taxpayers filing returns and making payments for 2025 income taxes. Here’s a breakdown of the most important ...

Working extra hours has always meant paying the same taxes on overtime as on regular wages, but a new law signed in July 2025 under President Donald Trump has changed how some overtime pay is treated ...

GREENSBORO, N.C. — $1,000 deposited into a bank account, and all you have to do is fill out a tax form? It's true. “We are finding it from the government for children that are born in 2025,” said ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961. If you're 65 or older now, you can claim an additional deduction of up to $6,000 or $125,000 for ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Incorrect IRS Forms 1099 are a worry, since Forms 1099 generally ...