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), a single form that consolidates the calculations of the four ...

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 ...

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 ...

Speculation of $1,390 direct deposit relief payments and other new stimulus check amounts in September for low-and middle-income taxpayers has been debunked by the Internal Revenue Service. However, ...

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 IRS says billions of dollars in unclaimed tax refunds is available for claiming. While there are plenty of free tools available to find out if the IRS is holding money due you, professional advice ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...

The first-time penalty abatement lets qualifying taxpayers reverse the penalties for not filing a tax return or paying on time. Many, or all, of the products featured on this page are from our ...

My husband and I have started giving money to my sister to help her out. It’s going to be about $30,000 a year for the next five or so years at least. Will this sum be more than the amount the IRS ...

NASA scientists were “giddy” when Perseverance found the rock with telltale signs of microbial life in a former lakebed called the Jezero Crater, The New York Times said. After a year studying the ...

Editor’s note: This article was last updated Sept. 17, 2025, to reflect the latest list of eligible vehicles. If you’re shopping for or researching an electric vehicle in 2025, you’ve probably heard ...