The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...

The IRS introduces Schedule 1-A for 2025, letting you deduct qualified tips, overtime pay, vehicle loan interest, and ...

A new form with the Internal Revenue Service would allow taxpayers to claim deductions on cash tips they’ve earned throughout ...

The IRS has announced a way for non-filers to receive their stimulus checks. The new web tool is for eligible U.S. citizens or permanent residents that had a gross income that did not exceed $12,200 ...

It’s not only millionaires that the IRS has its sights set on this tax season. If you make at least $400,000 — and haven’t filed federal tax returns — you may receive a compliance letter from the ...

Form 1099-QA is an IRS tax form filed by states, their agencies, or their instrumentalities. It reports distributions from Achieving a Better Life Experience (ABLE) accounts specifically designed to ...

The Internal Revenue Service (IRS) has warned that it will continue to pursue wealthy Americans who do not file their tax returns. This latest warning comes amid revelations that despite a recently ...

The Internal Revenue Service is well-known (some may say "infamous") for auditing tax returns for accuracy and pursuing tax debtors for payments. However, there is a third compliance area that has ...