The new IRS guidance (Notice 2025-69) clarifies how workers can claim the One Big Beautiful Bill Act's recently enacted ...

WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed. An email sent Monday from IRS official ...

Internal Revenue Code Section 2801 was introduced into U.S. tax law in 2008, creating a U.S.-based inheritance tax, otherwise known as the “§2801 tax.” In January 2025, final regulations were issued ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The Federal Board of Revenue has removed the 'estimated fair market value' column from the 2025 income tax return form following directions from Prime Minister Shehbaz Sharif to ease the filing ...

Homeowners investing in sustainable upgrades can maximize savings through the energy-efficient home improvement credit that provides substantial tax benefits for qualifying installations completed ...

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 ...

EL PASO, TX (KVIA)-- A little known tax credit could help homeowners stay cooler, save on energy bills, and even protect the power grid but it expires at the end of the year. The 25C Tax Credit allows ...

Millions of Americans may be eligible for a $1,390 stimulus check by the U.S. Treasury Department and the Internal Revenue Service, as part of a plan aiming to provide financial relief to low and ...