When Congress fails to pass a federal budget, a government shutdown follows, halting non-essential operations, furloughing ...

Government agencies and enterprises issued guidance on Wednesday for mortgage operations and servicing during the current ...

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 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 IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.

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 ...