The US Department of the Treasury and the Internal Revenue Service (IRS) on November 21, published a detailed guidance for workers eligible to claim new tax deductions on tips and overtime ...

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 ...

When you start a new job, your employer will ask you to complete a W-4 form. The IRS W-4 helps determine the correct amount of income tax your employer will withhold from your wages. But how does it ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...