The tip deduction doesn’t completely eliminate taxes on tips. The deductible amount is limited, it isn’t available to every worker who receives tips, some tips aren’t deductible, and tips are still ...

A TIGTA report found that thousands of IRS new hires during the agency’s 2024 expansion lacked training and equipment, raising concerns about the tax filing season.

Alton Mayor David Goins reports new campaign donations, key donor nearly a year after win ...

A: The Republican-led Congress last year passed historic tax relief for Americans that included a new enhanced tax deduction for seniors effective for tax years 2025 through 2028. These savings are ...

From printing costs to projected lifespans, fresh Federal Reserve figures offer insight into the true economics behind America’s paper currency.

Forty-eight percent of U.S. workers are aware of the Saver's Credit, according to survey findings from nonprofit Transamerica Center for Retirement Studies (R) (TCRS). The Saver's Credit, also ...

Many teens and full-time students who work summer jobs or part-time gigs have relatively modest incomes that don’t require filing. For the 2025 tax year, the standard deduction for a single filer is ...

Early tax filers are seeing larger refunds this year, but some may face delays. Find out what to expect from the IRS.

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

Learn how to pay quarterly taxes in 2025 and 2026, calculate estimated payments, meet IRS deadlines and avoid penalties. Read ...

The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about reporting that income to the IRS.