The IRS issued new instructions in March clarifying the tip deduction limit for self-employed individuals. Married couples must share a single $25,000 limit on the qualified tip income deduction, not ...

The 2026 federal tax filing season is officially underway, and US taxpayers can now submit their 2025 federal income tax returns using Form 1040. The Internal Revenue Service (IRS) began accepting and ...

When you amend a federal tax return, you can correct mistakes or errors made on your original one. Here’s what you need to know about the process, including when to file, what documents you’ll need, ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...

If you requested an automatic six-month extension to file your federal tax return using Form 4868, your new deadline is Wednesday, October 15, 2025. That extra time can help you organize your ...

More than 1.3 million Americans have unclaimed taxrefunds dating back to 2022, but the time to claim the money is running out. The Internal Revenue Service estimates it has about $1.2 billion in ...

Realizing you made a mistake on your tax return? Don’t panic. If you overlooked a valuable deduction, say, or forgot to report some of your income, you can simply file an amended return. Amending your ...

Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Written By Written by Contributor, Buy Side E. Napoletano is a contributor ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...