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 IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...

Rajeev Dhir is a writer with 10+ years of experience as a journalist with a background in broadcast, print, and digital newsrooms. Ebony Howard is a certified public accountant and a QuickBooks ...

The Federal Board of Revenue (FBR) has issued the new five-page income tax return form for traders for the year 2025. The form seeks detailed business, financial, and personal information from ...

Is it coming or not? Speculation of $1,390 direct deposit relief payments and other new stimulus check amounts in September for low- and middle-income taxpayers have been debunked by the Internal ...

Speculation of $1,390 direct deposit relief payments and other new stimulus check amounts in September for low-and middle-income taxpayers has been debunked by the Internal Revenue Service. However, ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

Speculation of $1,390 direct deposit relief payments and other new stimulus check amounts in September for low- and middle-income taxpayers have been debunked by the Internal Revenue Service, but the ...

If you are wondering about a previous stimulus check or waiting on a tax refund from the IRS, here's and update on how to check status, and what to know about the new American Worker Rebate Act of ...

2025 starts with one set of federal tax rules. But there very well could be major changes. Odds are decent this year for notable tax legislation. Most of the key tax provisions affecting individuals ...

The first-time penalty abatement lets qualifying taxpayers reverse the penalties for not filing a tax return or paying on time. Many, or all, of the products featured on this page are from our ...

New Jersey residents seeking assistance with any of New Jersey's Property Tax Relief programs such as ANCHOR or PAS -1, help is here. The New Jersey Department of Treasury with the local community and ...