WASHINGTON — Thousands of IRS employees will be furloughed as the partial government shutdown drags on, the tax-collecting agency notified employees on Wednesday. The updated IRS Lapsed Appropriations ...

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 ...

Just before Tax Day, activists protested in front of an H&R Block office. Weeks earlier, organizations sent letters to lawmakers skewering the IRS and warning of overreach by an agency that’s flush ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

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 ...

According to the agency, thousands of taxpayers have filed inaccurate returns after following misleading posts and bad actors posing as tax experts online. The problem prompted more than $162 million ...

Child care is expensive — and if you’re a working parent or caregiver, you’ve probably felt the sting. But here’s the good news: if you paid for child or dependent care so you could work or look for ...

The rules surrounding your health insurance and taxes have shifted in the past few years, as has the utility of the Form 1095. Thomas is a native of upstate New York and a graduate of the University ...

(CNN) — The IRS is close to finalizing an agreement with the Department of Homeland Security to help locate migrants suspected of being in the US illegally, a person familiar with the matter said, as ...

HOUSTON — More than 1.1 million taxpayers are owed a share of over $1 billion in unclaimed refunds for the 2021 tax year, according to the Internal Revenue Service. However, the deadline to claim the ...