The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

Direct File, the free, government-provided alternative to services like TurboTax, won't be available for the 2026 tax season, ...

Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the ...

The AICPA asked the IRS and Treasury to provide guidance on the reporting and substantiation requirements for deductions of qualified tips and overtime pay allowed under the sweeping new tax law, ...

IRS says lenders can offer an online portal to buyers for spotting total amount of interest paid on new car loans in 2025. Borrowers who took out a car loan in 2025 will need to file a new Schedule ...

The Trump administration is reportedly considering making changes at the division of the IRS dedicated to conducting criminal investigations, The Wall Street Journal reported Wednesday, which could ...

The Internal Revenue Service (IRS) released its new tax brackets and rates for the upcoming tax filing year. Yahoo Finance Senior Columnist Kerry Hannon joins Mind Your Money host Allie Canal to break ...

The IRS is raising standard deductions for 2026 — up to $32,200 for joint filers and $16,100 for singles — along with larger credits for families, adoptions, and employer-provided childcare. The top ...

As the federal government shutdown grinds on, most Internal Revenue Service operations are closed. With agency-wide furlough in place since Oct. 8 for everyone except already-identified excepted and ...

Inflation refund checks and Anchor rebate checks are on the way for some Americans, as others are waiting on a tariff rebate update, IRS tax refund or another stimulus check in 2025. Here's what to ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

The Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the recent tax reform law. Notice 2025-57 provides penalty ...