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 has released drafts of some 2025 tax forms, including the new Schedule 1-A, Additional Deductions. You’ll use Schedule 1-A to calculate new deductions for tips, overtime, car interest, and ...

Filing your income tax return (ITR) is a crucial financial responsibility that ensures compliance with tax laws and opens the door to various financial benefits, including refunds and smoother loan ...

Understanding which tax credits you qualify for can make a big difference in how much you pay to the government. One of the most lucrative tax breaks — the earned income tax credit — is an often ...

Question: I am retired and receive monthly Social Security benefits. I heard that the newly enacted so-called “One Big Beautiful Bill” (OBBB) eliminates federal income tax on Social Security benefits.

Some taxpayers prefer to file a joint tax return. If you filed jointly but you are not responsible for debt that is subject to offset because your spouse owes it, you are entitled to request your ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...

Social Security benefits are for recipients of (RSDI) retirement, survivor, and disability insurance benefits. Therefore, these beneficiaries get money from the Administration because a worker paid ...

Taxpayers often make mistakes when filing their taxes, such as inputting incorrect personal information or making math errors. Choosing the wrong filing status or claiming ineligible credits can lead ...

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could accidentally ...

Common 1099 forms and their purpose in reporting income sources like interest, dividends and capital gains Where to find Form 1099 online and how different financial institutions provide access to tax ...

IRS Announces These Changes For 2025 Filing Season As the 2025 tax filing season progresses, the Internal Revenue Service (IRS) has outlined key updates taxpayers need to know when preparing their ...