The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and ...

A outlines essential IRA contribution rules, covering traditional, Roth, SIMPLE, and SEP IRAs to help you understand your ...

Tax returns received and processed remain slightly below last year’s pace, even as the average refund climbs to $3,804.

The average tax refund is 10.2% higher so far this season, compared to about the same period in 2025, according to early IRS filing data. As of Feb. 20, the average refund amount for individual filers ...

Nearly 1 in 5 eligible taxpayers miss the earned income tax credit, which is worth thousands of dollars, according to the IRS. Here's what to know.

The agency still offers a Free File program that works with commercial tax software firms. Some companies also offer free tools for certain filers.

Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the looming deadline, start getting organized as soon as possible.

A one-participant plan does not have to file Form 5500-EZ for the 2025 plan year if the total of the plan’s assets and the assets of all other one-participant plans maintained by the employer at the ...

A Form Most Seniors Don't Even Know Exists The IRS rolled out Form 1040-SR back in 2019, mandated by the Bipartisan Budget Act of 2018, yet many Americans hitting retirement age have never heard of it ...

The good news? The average dollar amount of tax refunds issued so far is up. The rough patch? The IRS has processed far fewer returns in the first two weeks than a similar time frame a year ago. The ...

What the IRS Isn't Shouting From the Rooftops Let's be real. When was the last time you heard the IRS actively marketing a tax form designed specifically for seniors? Form 1040-SR was mandated by ...

With bigger tax refunds expected this season, it can be tempting to file returns earlier than usual. But incomplete filings can raise flags for the IRS, delaying processing or even triggering an audit ...