The IRS on Friday released a draft of Schedule 1-A (Form 1040), a single form that consolidates the calculations of the four ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new ...

IRS rolls out Schedule 1-A for 2025, adding new deductions for tips, overtime, car loans on U.S.-made vehicles, and enhanced ...

Mike Rogers will be courting one of the most reliable voting blocs next year with a senior citizen tax break Republicans hope ...

The IRS is getting on with it quietly and rewriting a section of the tax playbook. This month, the agency published a draft ...

Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax ...

The IRS is rolling out significant tax form changes impacting seniors over 65. These updates aim to ease the financial burden on this demographic by introducing new deduction opportunities.

IRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car ...

A, Additional Deductions. You’ll use it to calculate new deductions for tips, overtime, car interest, and seniors.

Senior citizens can secure fixed deposit rates of 8.4 percent. Some banks offer this for a five-year term. Investments up to ...

Senior citizens seeking secure investment opportunities can earn interest rates up to 8.4% on fixed deposits with select ...