IR-2025-127, Dec. 23, 2025 – The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-10 related to changes to the Premium Tax Credit made under the One Big, Beautiful Bill and to related provisions that no longer apply.

Notice 2025-57, Transitional Guidance Regarding Returns Relating to Certain Interest on Specified Passenger Vehicle Loans Received in a Trade or Business (PDF) PDF · Transition relief for vehicle loan interest reporting (IR-2025-105).

IR-2025-126, Dec. 23, 2025, IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense

IR-2025-82, Aug. 7, 2025 — The IRS today announced that, as part of its phased implementation of the One, Big, Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.

IR-2025-126, Dec. 23, 2025 WASHINGTON — The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-09 PDF regarding changes to the limitation on the deduction for business interest expense (Section 163(j)) under the One, Big, Beautiful Bill.

Saturday, March 29, 2025, marks the 50th anniversary of this important credit. IR-2025-37, March 25, 2025 — As the end of tax season approaches, the Internal Revenue Service reminds taxpayers that IRS Free File is a quick and easy way to file federal tax returns for free.

2 On November 5, 2025, the Internal Revenue Service (IRS) published Notice 2025-62, IRB 2025-48, which provides penalty relief from the new information reporting requirements for cash tips and qualified overtime compensation under the OBBBA to employers and other payors for not filing correct ...

2 weeks ago - On December 12, 2025, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released packages of proposed regulations (2025 Proposed Regulations) and final and temporary regulations (Final Regulations) under section ...

IR-2025-127, Dec. 23, 2025 – The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2025-10 related to changes to the Premium Tax Credit made under the One Big, Beautiful Bill and to related provisions that no longer apply.

2 weeks ago - December 2025 is bringing some much-needed financial relief to American families. The Internal Revenue Service (IRS) has officially approved a one-time direct deposit payment of $2,000 for eligible Americans.

This notice announces that the Department of the Treasury and the IRS intend to issue proposed regulations regarding the transition rule for dividends (the “transition rule”) in section 70354(c)(2) of Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful ...

6 days ago - As the tax season progressed, we saw a bigger jump in the size of average refunds. In 2025, the average federal income tax refund hit $3,052 as of the week ending Oct. 17, the latest data published by the IRS.

The Alternative Minimum Tax - Higher exemptions and income phaseouts will occur in 2025. See below for more details. IRA contributions - Contribution amounts remain the same in 2025, but phaseout levels for taking deductions for these contributions ...

1, 2025 — The IRS and its community partners are seeking volunteers to support the Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs. Find previous year news releases and fact sheets from 1997 through last month. Page Last Reviewed or Updated: 02-Dec-2025 ·

But even if the 2026 filing season begins on time, it’s still likely to be a bumpy road ahead. ... The Treasury Inspector General for Tax Administration (TIGTA) deemed the 2025 filing season a success, despite disruptions in the agency.

2 weeks ago - A credit is a dollar-for-dollar reduction of your tax bill. Neither will be available for any plug-in electric (EV) or fuel cell vehicle (FCV) you purchased after September 30, 2025.

3 weeks ago - According to the latest announcement, eligible Americans will receive a one-time direct deposit of $2,000. This measure is designed to support households facing high inflation and increased costs during the holiday season.

3 days ago - The IRS in October released new federal income tax brackets for 2026. The inflation-based change increased the income ranges for the two lowest tax brackets by about 4%, and the higher ones by roughly 2.3% compared to 2025...

3 days ago - IRS Discontinues Free Direct File Tool—What Can Taxpayers Use Now Instead? How to Secure the New Tip Tax Break With Expert Advice for Tipped Workers in 2025

1 day ago - The final opportunity to claim ... At this point, Congress has not approved new stimulus payments, and the IRS has not announced any upcoming checks....