The tip income needs to be reported on the return. Then, the tax filer will need to fill out the form for "additional deductions" and claim qualified tip income received in the year. The maximum ...

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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 ...

There's important news for government employees regarding retirement planning. The Pension Fund Regulatory and Development Authority (PFRDA) has urged central government employees to opt for the ...

AI study finds machines more likely than humans to follow dishonest instructions Researchers warn that delegating to AI lowers moral cost of cheating Guardrails reduce but don't remove dishonesty in ...

A woman deposits her ballot in an election drop box in Jersey City, N.J., Thursday, Oct. 15, 2020. (AP Photo/Seth Wenig) From Camden and Cherry Hill to Trenton and the Jersey Shore, what about life in ...

The Internal Revenue Service is no longer issuing paper tax refunds after September, according to a news release published by the department. On Sept. 23, the agency said it will transition to fully ...

The IRS announced today that paper tax refund checks will be phased out starting this month for individual taxpayers.Related video above: Are you eligible for Trump's tax relief on tips, overtime and ...

The Internal Revenue Service (IRS) will start phasing out paper tax refund checks on Tuesday, September 30. This change stems from an executive order issued on March 25, directing the secretary of the ...