Tax returns received and processed remain slightly below last year’s pace, even as the average refund climbs to $3,804.
With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.
The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. IRS guidance can help figure the deductions.
The IRS urges taxpayers to get organized now to take advantage of changes under the One Big Beautiful Bill Act (OBBBA) that could impact tax deductions and refunds in the next tax filing season. As ...
Got a tip on a tax dodger? The IRS Whistleblower Office has updated Form 211, allowing tips to be submitted digitally for the first time—cutting paperwork, reducing errors and speeding up the process.
The IRS has released new guidance on updates to Health Savings Account (HSA) as part of the One Big Beautiful Bill Act (OBBBA). OBBBA expanded eligibility for HSAs and updated high-deductible health ...
Tax season opens January 26, 2026, which means that tax forms will be arriving in mailboxes and inboxes soon. Here’s when to expect Forms W-2, 1099 and others—and what to do if they don’t show up on ...
President Donald Trump has a new pitch for taxpayers, and it sounds simple enough: Send everyone a $2,000 per person tariff "dividend." Trump pitched the idea on social media over the weekend, posting ...
The IRS has released Form 4547, allowing parents to register eligible children for Trump Accounts when filing 2025 tax returns. Here’s how the election works, who qualifies, and what happens next. Tax ...