The IRS issued new instructions in March clarifying the tip deduction limit for self-employed individuals. Married couples must share a single $25,000 limit on the qualified tip income deduction, not ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

Tens of millions of taxpayers found themselves filing a brand new form called Schedule 1-A so far this tax season to claim some generous new tax breaks on their 2025 federal income tax returns. If you ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

LENOIR COUNTY, N.C. (WITN) - A man has been arrested after Lenoir County deputies say he forged an IRS form and sent it to a judicial official. George Barfield Jr. was charged yesterday with forgery ...

The IRS is seeing an uptick in overstated or fabricated claims tied to undistributed long-term capital gains claims via Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains. The ...

Beginning with crypto transactions in 2025 (to be filed in the 2026 tax season), crypto brokers in the United States, such as Coinbase (Nasdaq: COIN), are required to issue a new document known as ...

The Internal Revenue Service has published a new Schedule 1-A and updated instructions for claiming the new tax breaks in the One Big Beautiful Bill Act for tips, overtime, car loans, and senior ...