The comment period has been extended to March 31, and the extra 45 days to perfect R&D claims is now available Jan. 10.

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

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 ...

The IRS has extended the comment period for Form 6765 draft instructions on the Credit for Increasing Research Activities to ...

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 ...

If you are wondering about a tariff rebate, state or federal tax refund, inflation check, economic impact payment or a new, fourth stimulus check in 2025, here's a status update from the IRS and how ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households. Each fall — ...

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 ...

The IRS on Monday issued final regulations (T.D. 10033) that address catch-up contributions under a 401(k) or similar retirement plans that are allowed for workers who are at least 50 years old. The ...