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.

IRS has issued final regulations implementing changes to retirement "catch-up" contributions under the SECURE 2.0 Act that primarily affect high earners. Starting in 2027, employees aged 50 and older ...

Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect ...

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 ...

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 ...

When it comes to taking tax advice, you might want to ignore what you see on social media, the Internal Revenue Service warns, since much of the so-called advice from “tax experts” is a scam that can ...

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 ...