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

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 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 ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

September 15 is a critical date for millions of taxpayers as the IRS requires quarterly estimated tax payments on income that isn't automatically subject to federal withholding—such as self-employment ...

Last year, Americans reported losing more than $12.5 billion to fraud, according to the Federal Trade Commission (FTC). Consumers reported losing the most to investment scams, followed by imposter ...