The IRS has released drafts of some 2025 tax forms, including the new Schedule 1-A, Additional Deductions. You’ll use Schedule 1-A to calculate new deductions for tips, overtime, car interest, and ...
A new form with the Internal Revenue Service would allow taxpayers to claim deductions on cash tips they’ve earned throughout the year. The deduction was promised by President Donald Trump during his ...
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New IRS form lets taxpayers claim 2025 deductions on tips, overtime pay, car loan interest
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 ...
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 ...
Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...
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IRS Eases Tip, Overtime Reporting Rules for 2025
The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...
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