The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...

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.

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the tax rules for ...

Owning a home is expensive, but it comes with one of the most valuable tax breaks available: the home mortgage interest deduction. This rule lets homeowners deduct the interest they pay on their home ...

The Internal Revenue Service (IRS) has released the tax refund schedule for the year 2024. TRAVERSE CITY, MI, US, January 22, 2024 /EINPresswire.com/ -- The Internal ...

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 ...