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.
Starting Sept. 30, both the Social Security Administration and the IRS are phasing out paper checks as part of a massive ...
IRS: The IRS is introducing Schedule 1-A for 2025 tax returns, offering new deductions for qualified tips, overtime pay, car ...
The tax agency’s Sept. 30 deadline matches a March executive order to modernize payments across the federal government.
The IRS will phase out paper tax refund checks starting Tuesday, Sept. 30 shifting to electronic payments to improve security, speed and efficiency.
The forms in question include the Form 1041, Instructions to Form 1041 and Schedules A, B, G, J, and K-1, as well as Form ...
The agency is urging taxpayers to ‘act now’ and know their banking details. Critics have called the transition to all digital payments rushed. The Internal Revenue Service (IRS) will start phasing out ...
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 ...