As President Donald Trump hailed the economic impact first six months of his tax cut package at a White House gathering on Friday, the Trump Administration unveiled a draft version of the revised 1040 ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

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 ...

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 ...

SAN FRANCISCO -- If you're usually nervous about tax season, get ready for your anxiety to hit overdrive this year. The Tax Cuts and Jobs Act (TCJA) approved by Congress in December of 2017 did more ...