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 ...
President Donald Trump’s One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 from the previous $10,000, as previously reported by GOBankingRates. For ...
What do increased fraud, significant costs and operational inefficiencies all have in common? Paper checks, or, at least, those were the reasons cited when President Donald Trump issued an executive ...
The 2022 Inflation Reduction Act allocates $780 billion for climate change, including tax credits for clean energy. Homeowners can get a 30% tax credit for installing solar systems, boosting ...
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IRS to phase out paper refund checks
Most taxpayers already receive refunds electronically. During the 2025 filing season, 93% of individual tax refunds were issued through direct deposit. UN responds to Trump about escalator malfunction ...
The checks will be “mailed over a multiple-week period” from September to November to qualifying individuals Kimberlee Speakman is a digital writer at PEOPLE. She has been working at PEOPLE since 2022 ...
(CNN) - The IRS says it will begin phasing out paper tax refund checks for individual taxpayers at the end of the month. The change, which starts Sept. 30, is a result of an executive order signed by ...
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