Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

Even though we're months away from Tax Day, it's never too early to start preparing for tax season. Connor Hansen tells you ...

Workers should know about limits on these rules, and employers should be prepared to provide information on tipped wages and ...

With new tax breaks in place, experts say there’s still time to increase deductions by planning contributions and tracking eligible expenses.

With the April 15 tax deadline fast approaching, millions of Americans are scrambling to finalize their returns and avoid costly mistakes that could shrink their refunds or trigger audits. Now is a ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on those who were unable to document qualified tips and overtime.

While tax season won't start for at least another month, and most taxpayers won't need to file their 2025 tax returns until ...

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 ...

This week’s Tax Breaks newsletter also looks at fantasy football winnings, car-related tax deductions, stock options, IRS Chief Counsel nod, Taylor Swift tax, tax filing deadlines, and tax trivia.

Millions of households are being told to brace for unusually big checks when they file their 2025 returns in early 2026, with ...

Tax season is about to collide with one of the biggest rewrites of the code in years, and the result could be a noticeably different refund for millions of filers. Between routine inflation ...