New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Tax-return errors with stock comp are painful, from accidentally taxing yourself twice to underreporting and getting a scary ...

For example, Form 1099-NEC, used to report payments to independent contractors, must be furnished by February 2, 2026. As ...

About 20% of Mississippi workers failed to claim the tax credit in 2022, according to the most recent data from the Internal Revenue Service.

Taxes are complicated enough without the added stress of figuring out which tax software will work best for you. While you ...

TurboTax is offering a great incentive where you can file both your federal and state returns for $0, guaranteed, with no ...

Master tax filing. Learn about primary forms, supplementary schedules, special situations, miscellaneous forms, and more. Optimize deductions today.

The basics of the car loan interest deduction is that it must be a new vehicle assembled in the United States, with the loan ...

The enhanced deduction for seniors applies on 2025 tax returns to adults born before Jan. 2, 1961.

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced deduction for seniors.

Need to file independent contractor taxes? It works differently than for employees. Learn about deductions, filing ...

The Earned Income Credit can reduce your tax liability and provide a refund. Learn about the updated AGI limits, QC rules and common pitfalls.