Notice 2026-1 (the Notice) provides important guidance under Section 45Q of the Internal Revenue Code of 1986, as amended (the Code), for taxpayers claiming that carbon oxides are stored in secure ...

A complete guide to global crypto taxes in 2026. From the U.S. and EU to Asia, LATAM, and emerging markets—see how each ...

The Powerball jackpot now stands at an estimated $1.6 billion, making it one of the largest lottery prizes in U.S. history, ...

The best cannabis stocks to follow Trump’s Schedule III classification are high-quality names with access to the Canadian ...

These seven common deductions draw IRS scrutiny — not because they're suspicious, but because most people document them wrong ...

My husband owns his own business. The Internal Revenue Service audited his 2021 income-tax return. There were some small mistakes. The amount due was paid. However, he received notice at the end of ...

The IRS Direct File program is no longer available. (Photo by Tasos Katopodis/Getty Images for Economic Security Project) We knew that it was coming, but now we know for sure: Direct File, the free ...

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 ...

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 Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...

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 ...