The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft of new form - Schedule 1-A, "Additional Deductions" - th ...

An early draft copy of a new, two-page, federal income tax form called Schedule 1-A has been released by the Internal Revenue Service. Schedule 1-A will be filed with 2025 federal income tax returns ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

IRS tax breaks for workers are here. Millions can now keep more of their tips and overtime pay. New deductions for 2025–2028 make it easier to reduce taxable income, save money, and help working ...

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.

Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more. Quick ...

If you requested an automatic six-month extension to file your federal tax return using Form 4868, your new deadline is Wednesday, October 15, 2025. That extra time can help you organize your ...

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 ...