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 ...

Taxpayers who typically receive tax refunds by paper check could be surprised next year when the IRS initiates new steps to ...

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 IRS will phase out paper refund checks starting Sept. 30, 2025. Millions of Americans must switch to direct deposit or digital options.

Most taxpayers already receive refunds electronically. During the 2025 filing season, 93% of individual tax refunds were issued through direct deposit. Key takeaways from special elections in Arizona ...

WASHINGTON — The Internal Revenue Service (IRS), in coordination with the U.S. Department of the Treasury, announced Tuesday that paper tax refund checks for individual taxpayers will be phased out ...

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 ...

The IRS started phasing out paper refund checks today after an executive order earlier this year from President Donald Trump. The order, issued in March, requires the IRS to largely stop sending paper ...

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 ...