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 ...

(NEXSTAR) – The self-described tax experts of TikTok and other social media sites have cost American’s $162 million in penalties since 2022, the IRS said in a news release Monday. Advice on the most ...

ISLAMABAD: After repeated promises of simple form, the Federal Board of Revenue (FBR) has finally issued a comprehensive income tax return form for traders for tax year 2025. The return form for the ...

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 ...

Many taxpayers are confused about Form 10-IEA, which is required for opting in or out of the new tax regime, especially those with business income using ITR3 or ITR4. Missing the filing deadline ...

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 ...

KANSAS CITY, Mo. — The Internal Revenue Service (IRS) is holding a hiring event to fill more than 220 vacancies at its Kansas City, Kansas, service center. This event is open to the public. The event ...

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 ...

The income tax return (ITR) filing has started for the financial year 2024-25 (assessment year 2025-26). The income tax department has notified all seven income tax return forms for the assessment ...