The IRS introduces Schedule 1-A for 2025, letting you deduct qualified tips, overtime pay, vehicle loan interest, and ...

The IRS has published a private letter ruling on Section 2056(b)(7), granting the taxpayer an extension of time to make a qualified terminable interest property (QTIP) election on a supplemental ...

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.