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.

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

Starting Sept. 30, both the Social Security Administration and the IRS are phasing out paper checks as part of a massive ...

The IRS will phase out paper refund checks starting Sept. 30, 2025. Millions of Americans must switch to direct deposit or ...

Federal income tax refunds will be distributed by direct deposits into bank accounts, prepaid debit cards or other electronic means.

Beginning on Sept. 30, 2025, paper tax refund checks will be phased out of use, as required by Executive Order 14247. This change is the first step in the IRS and the U.S Department of the Treasury’s ...

The federal estate tax exemption increased again for 2025. Although the higher, IRS-inflation-adjusted number, announced last fall, may not have come as a surprise to most. However, 2025 is a pivotal ...

Following a recent executive mandate, the Internal Revenue Service will no longer issue paper refund checks starting Sept. 30 ...

The Internal Revenue Service announced two major updates last week, extending tax relief for farmers and ranchers impacted by drought and launching a plan to phase out ...