Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest and seniors. What is ...

The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications.

The IRS recently changed tip deduction rules for self-employed individuals. If you filed early, learn how to amend your tax return.

The IRS has published filing instructions for the new Schedule 1-A and Form 1040 instructions for taxpayers to claim no tax ...

Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.

The U.S. Department of the Treasury and IRS issued proposed regulations with more details about President Donald Trump’s “no tax on tips” deduction. The proposed regulations include eligible ...

FORT WAYNE, Ind. (WANE) — The 2026 tax season starts Monday, and Americans will soon be able to file tax returns to either owe or receive money from the government. From avoiding scams to getting the ...

Tax refunds are arriving for many, but a spike in gas prices and fears of rising inflation could put a damper on what consumers do with extra cash.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

Preparing a 2025 tax return is likely to take more time, as workers who received tips or overtime pay in 2025 figure out what qualifies for new tax breaks. IRS gives some very specific examples in ...

Must-Know Tax Season Tips for Small Businesses and Solopreneurs ...