The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime.

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on ...

The Internal Revenue Service is changing the way it issues tax refunds. The change, prompted by an Executive Order mandating ...

The plan’s promised enhancements include improving claims submittal and processing and communication with whistleblowers.

The IRS may grant a reasonable extension if the taxpayer provides satisfactory evidence of acting reasonably and in good ...

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

Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.

Employee layoffs at the Internal Revenue Service (IRS) could impact the timely return of tax refunds and other services, experts have said. Newsweek has contacted the IRS for comment via email outside ...

Every tax filing season, millions of Americans receive tax refunds. These are issued to taxpayers who paid more throughout the year than they owed, according to the Internal Revenue Service. More than ...

Budget 2025, which passed a final confidence vote in the House of Commons on Monday, introduced new tax-related proposals and confirmed that Prime Minister Mark Carney’s government will move ahead ...