For 2025, married couples over 65 filing jointly will also see a modest benefit. The extra deduction per qualifying spouse ...

Each year, millions of U.S. taxpayers submit corrections to their federal tax returns through the Form 1040-X, often to amend ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

New tax breaks on tip income and overtime pay will go into effect in 2025, part of the megabill that President Trump signed ...

The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by ...

Navigating annual tax changes can feel complex sometimes. Understanding them is crucial for informed financial choices to be ...

Clear Start Tax clarifies why some states still require Form 1095-A, even though the federal health coverage penalty was ...

As reported by Kiplinger, the layoffs at the IRS impacted nearly every division. By the end of the 2025 tax season, more than 25% of the agency’s workforce had been cut down via layoffs, buyouts, or ...

Republicans are trying to create tax deductions for tips, car loan interest and overtime pay. Experts say they wouldn't ...