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 ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...

If you work from home, you may be able to deduct your business-related expenses. But if you don't qualify for that, you could be eligible for the "home office tax deduction." This tax break lets you ...

The IRS says goodbye to the summer by adding a new form, Schedule 1-A, to make it simpler for Americans to access deductions ...

Plus: IRS will open during the shutdown (for a little while), installment agreements, retirement options, the difference ...

Loan wolf; collection plate; Tony who?; and other highlights of recent tax cases.

New Yorkers have started to receive one-time inflation refund checks. Possibly. According to the New York State Department of Taxation and Finance, you may qualify for a refund if you met all of the ...

NEW DELHI: Reporting Virtual Digital Assets (VDAs) on your tax return is not easy. Cryptocurrency-related transactions require scrip-wise reporting, meaning each transaction must be reported ...

In its regular-season finale, the Manheim Township field hockey team wanted a challenge heading into the postseason. That ...

In November 2023, the University distributed $1 million to Friends of the Israel Defense Forces through a donor-advised fund.

How To Enter. The Sweepstakes, which includes seven rounds, begins at 12:00 P.M. on September 24, 2025 and runs through 9:00 ...