The Internal Revenue Service is making a major change in how it issues refunds. In keeping with the new federal mandate against paper checks, the U.S. tax agency announced that as of Sept. 30, it will ...

For years, the Internal Revenue Service has offered tax payers the option of receiving their refunds via paper check by mail, or direct deposit. But those days are coming to end. Starting Sept. 30, ...

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 ...

Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households. Each fall — ...

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 ...