Tens of millions may need new IRS Schedule 1-A to claim 2025 tax breaks for tips, overtime, seniors and car loans. Don't file without it.

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

With the 2026 tax season underway, some Social Security recipients who saw their benefits increase in 2025 under the Social Security Fairness Act are having to pay more taxes than in 2025. With ...

The 2026 federal tax filing season is officially underway, and US taxpayers can now submit their 2025 federal income tax returns using Form 1040. The Internal Revenue Service (IRS) began accepting and ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week she's looking at four questions on preparing and ...

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 ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...

Taxpayers often make mistakes when filing their taxes, such as inputting incorrect personal information or making math errors. Choosing the wrong filing status or claiming ineligible credits can lead ...

Taxpayers often make mistakes when filing their taxes, such as inputting incorrect personal information or making math errors. Choosing the wrong filing status or claiming ineligible credits can lead ...

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