As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

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 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 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 ...

Colorado is revving up its Vehicle Exchange Colorado program to keep electric vehicles affordable, but only for income ...

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 ...