The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households. Each fall — ...

(CBS NEWS) — Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households.

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

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 ...

Sept 15 (Reuters) - Colgate-Palmolive (CL.N), opens new tab will introduce new packaging and marketing for its toothpaste products, after Texas Attorney General Ken Paxton expressed concern that its ...