IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

When you start a new job, your employer will ask you to complete a W-4 form. The IRS W-4 helps determine the correct amount of income tax your employer will withhold from your wages. But how does it ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The tax agency will start accepting 2024 tax returns on Jan. 27 and expand the Direct File system for free tax filing to more states. The Internal Revenue Service’s free tax-filing system will get a ...

The AICPA said taxpayers and tax professionals need certainty about how to claim the deductions for 2025. The IRS has said it will not update its forms until 2026.

The Internal Revenue Service (IRS) is introducing a new form, Schedule 1-A, to streamline the process of claiming deductions for tips, overtime, auto loan interest, and senior benefits. This ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

If you earn tips or overtime, the IRS just made your 2025 tax season a little more interesting. A new draft form, Schedule 1-A, lets you claim deductions on those earnings, along with car loan ...

The Missouri Lottery offers several draw games for those aiming to win big. Here’s a look at Sept. 29, 2025, results for each game: 01-03-27-60-65, Powerball: 16, Power Play: 5 Check Powerball payouts ...

CLAYTON COUNTY, GA — Residents in Clayton County will have the chance to vote this fall on a measure that could provide significant property tax relief for seniors, disabled veterans, and other ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.