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 ...

WASHINGTON, Sept 17 (Reuters) - The U.S. Justice Department has ordered Arizona to preserve all election records dating back to 2020 as it prepares for a potential lawsuit over alleged voting law ...

Benjamin Franklin coined the saying, “In this world, nothing is certain but death and taxes.” But what about when death and taxes coincide, such as when someone dies during the year and has a tax ...

For the president, his falsehoods around that losing outcome remain his most potent weapon in his fight against fair elections. At a White House press conference with President Volodymyr Zelensky of ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...

In 2023, 161,781,457 taxpayers filed Forms 1040 and 1040-SR, with the number of taxpayers filing these forms projected by the Internal Revenue Service to increase by about 10,000,000 over the next ...

With recent changes to tax laws, there has been speculation about whether the IRS still offers the 1040EZ form. TRAVERSE CITY, MI, UNITED STATES, October 24, 2024 ...

As tax season approaches, seniors and retirees are gearing up to file their taxes, and the IRS Form 1040-SR has been designed to cater to their needs. TRAVERSE CITY ...

Estimating taxes accurately is crucial for financial planning, and using Excel templates can significantly simplify this process. Here are some highly effective Excel templates that can help you ...

It's often said that crime doesn't pay. In the case that it does, however, "Uncle Sam wants his cut," according to a Reddit post that went viral in April 2024. The post, which gained more than 22,000 ...