The government is shut down but the tax filing extension deadline remains

The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier ...

Tax extension filings still due on Oct. 15 despite government shutdown. Here's what to know.

Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.

New IRS form lets taxpayers claim 2025 deductions on tips, overtime pay, car loan interest

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...
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AICPA proposes enhancements to US tax forms

The American Institute of CPAs (AICPA) has submitted recommendations to the US Department of the Treasury and the Internal Revenue Service (IRS) for the enhancement of tax forms used by estates and ...

Schedule 1-A Form: IRS offers details that will allow taxpayers to deduct tips, overtime, car loan, and senior deductions

The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...
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How the IRS no-tax-on-tips rule works and who can benefit

If you earn tips as part of your job, you could benefit from a new IRS provision that excludes certain tips from income taxes. This rule, established under the One Big Beautiful Bill Act (OBBBA), ...