Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a mortgage ...

A revision of Form 990, Return of Organization Exempt From Income Tax, is coming, changes that Treasury says are designed to improve transparency, strengthen tax administration, and provide clearer ...

Taxpayers can request a filing extension to October 15, but tax payments are still due by the original April 15 deadline. Some Tennessee residents affected by Winter Storm Fern qualify for an ...

As per the Income Tax Act, 1961, bank depositors had to submit Form 15G/Form 15H to the bank to avoid Tax Deducted at Source (TDS). Some depositors were confused about which of the two forms applied ...

The IRS has extended the tax filing deadline for some Tennessee residents due to a winter storm. The new deadline for eligible individuals and businesses is Friday, May 22, 2026. This extension ...

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 ...

Millions of Americans could be owed a refund from the IRS as a result of a recent court ruling. Last month, a U.S. Court of Federal Claims decision expanded the interpretation of a specific tax code ...

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 ...

The president charged that the I.R.S. and the Treasury Department had failed to prevent a former I.R.S. contractor from gaining access to documents shared with news outlets. By Andrew Duehren and ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

As tax season kicks off, families with minor children can now register for Trump accounts. To open the account, an election must be made on IRS Form 4547. Form 4547 can be filed separately or with ...

Even though the tax agency's free pilot program is no longer available, there are other free tax filing options this season. Robin Hartill Robin Hartill is a Florida-based Certified Financial Planner ...