A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

Retirees will see a nice change to their returns this year.

A new deduction will lower the tax bill for many older Americans this year. Taxpayers, however, need to ensure they qualify and claim the deduction when they file their taxes this year.

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making ...

IRS Tax Refund: Among them are no tax on tips, no tax on overtime, deductions for car loan interest, and deductions for ...

There are several significant changes to the tax benefits Americans are entitled to claim this year including senior bonuses, increased child tax credits and more.

To claim the new tax break, you will need to fill out a new tax form called Schedule 1-A. Schedule 1-A is an IRS form used to claim and calculate four tax deductions originating from the tax and ...

You know, here's the thing. Most Americans spend decades filing their tax returns without ever hearing about a special form designed just for them once they hit retirement age. It's not like the IRS ...