Taxpayers who were unsure whether they qualified or how much they could claim will likely have an easier time when they file their 2026 tax returns, experts say.

A new tax form, Schedule 1-A, introduces four new deductions for the 2025 tax year. All four write-offs are "below-the-line" deductions, which reduce taxable income but not adjusted gross income. Each ...

On August 6, 2026, the Internal Revenue Service (IRS) released a fact sheet with updated guidance in the form of frequently asked questions (FAQs) ...

Federal tax refunds were substantially larger this year, but the surge was not a new stimulus check. The latest IRS ...

The 2026 tax season started a week ago, on Jan. 26. There are a lot of changes taxpayers should know about before filing their 2025 taxes, changes that could save you money. While the impact — or how ...

Under the One Big Beautiful Bill Act (OBBBA), for tax years 2025-2028, eligible individuals can claim deductions for qualified tips. The IRS recently issued final regulations that clarify what ...

Revised FAQs for the business interest deduction explain changes to adjusted taxable income, floor plan financing, capitalization rules, and CFC inclusions.

Tax Cuts and Jobs Act provisions are now permanent, including lower tax rates and a larger standard deduction. Another bill introduced new deductions that cover tips, overtime, car loan interest and ...

Section 224 was pitched as relief for tipped workers. But evolving IRS guidance and technical limitations have made the deduction far more complicated for the self-employed. ByKelly Phillips Erb, ...

The average tax refund is 10.9% higher so far this season, compared with about the same period in 2025, according to IRS filing data. As of March 20, the average refund amount for individual filers ...

The IRS has clarified how workers can claim the federal tax deduction for qualifying overtime pay, including new reporting requirements for employers. The IRS updated its frequently asked questions on ...