US Department of the Treasury and the Internal Revenue Service (IRS) released guidance to claim new tax deductions on tips and overtime compensation for 2025.
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 ...
The "no tax on tips" law was a provision included in President Donald Trump's signature "One Big Beautiful Bill Act," and was ...
The federal tax refund acts as a crucial financial reset for Americans, with expectations for larger refunds in 2026 due to new regulations ...
Hosted on MSN
New IRS form lets taxpayers claim 2025 deductions on tips, overtime pay, car loan interest
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 ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback