New IRS form Schedule 1‑A unlocks 4 major tax deductions for 2025

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...

IRS Issues Revenue Procedure on Specifications for Substitute Form 941, Related Employment Tax Forms

The IRS issued revenue procedure establishing specifications for creating substitute versions of Form 941 (Employer’s Quarterly Federal Tax Return), Schedule B, Schedule D, Schedule R, and Form 8974.

Millions of Americans Could Still Claim COVID-Era Tax Refunds — Here’s How to Check Before the Deadline

Many Americans have moved on from the COVID-19 pandemic—but revisiting that period could put money back in your pocket. Tax ...

Some Americans could still be owed Covid tax refunds. Here's why, how to apply

A court ruling could mean COVID-19 tax refunds for some Americans. Here's how to check if you qualify.

New overtime tax break triggers bigger refunds for those who qualify

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what ...

How the no tax on overtime deduction really works for 2025

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what ...
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The new $6,000 senior tax deduction: who qualifies and how to claim it

The standard deduction has been super-sized for seniors. Thanks to provisions in the One Big Beautiful Bill Act, taxpayers 65 and older can claim an additional $6,000 without itemizing their ...