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 continues to roll out drafts of some 2026 tax forms, including a draft of Form W-9, Request for Taxpayer Identification Number and Certification. Here’s a look at what’s new—and why it matters ...

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 ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

If you’re feeling behind or waiting on documents, a tax extension gives you extra time to file — but not to pay. In this guide, you’ll learn how to file a tax extension, which forms you need, key ...

The AICPA on Thursday sent a letter to the IRS with recommendations to two areas of new instructions to Form 8971, Information Regarding Beneficiaries Acquiring Property From a Decedent. The AICPA ...

April 15, 2025, marked the 70th anniversary of the federal tax filing deadline, but for many Americans, Tax Day came and went — and the return didn’t get filed. Whether life got in the way or you were ...

Did Tax Day sneak up on you? You’re not alone as the Tuesday night deadline approaches. The deadline to file your federal tax return is Tuesday at 11:59 p.m., according to the IRS. If you won’t make ...