If you requested an automatic six-month extension to file your federal tax return using Form 4868, your new deadline is Wednesday, October 15, 2025. That extra time can help you organize your ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

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 ...

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 ...

The law, conceived under the One Big Beautiful Bill Act of 2025, is set to take effect in tax years 2025 to 2028. For now, however, it still is in a draft form, but is making waves throughout ...

The IRS has announced that paper tax refund checks for individual taxpayers will be phased out beginning on September 30, 2025. Payments are next in line—but there is some breathing room.

IRS rolls out Schedule 1-A for 2025, adding new deductions for tips, overtime, car loans on U.S.-made vehicles, and enhanced breaks for seniors. IRS introduces ...