As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

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

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

In our Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on the new tax deduction for ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

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

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

Refinancing your mortgage comes with tax implications, but also opportunities to deduct certain expenses on your return.

In a move to make payments more efficient and to reduce the risk of fraud, the federal government is changing both how they ...

The IRS 'No Tax on Tips' rule under the One Big Beautiful Bill Act provides a tax deduction for qualified tips, helping ...

If you work from home, you may be able to deduct your business-related expenses. But if you don't qualify for that, you could be eligible for the "home office tax deduction." This tax break lets you ...

The 19th reports a new child tax credit starting in 2026 will increase to $2,200 but limit access for many low-income and ...