2 days ago - 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.

4 days ago - 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).

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.

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.

October 9, 2025 - IR-2025-103, Oct. 9, 2025 — The Internal Revenue Service today announced the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2025-32 provides details about these annual adjustments.

2 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.

November 12, 2025 - IR-2025-126, Dec. 23, 2025, IRS updates frequently asked questions on changes to the Limitation on the Deduction for Business Interest Expense

2 days ago - The IRS has confirmed a $2,000 direct deposit scheduled for December 2025, providing significant relief to eligible taxpayers across the United States. This

3 weeks ago - As tax season kicks off, it’s time to see what changes happened in the tax code from 2024 to 2025. Well, what changed? A lot—and most of the changes came from the One Big Beautiful Bill Act (OBBBA or the Big Bill) . So, what’s new this tax season that can save you money? From tax breaks on overtime and tips to bigger deductions and credits, these changes and updates could make a real difference in your refund. Let’s dive in! An IRS new tax rule for digital income/assets means you may see Form 1099-DA if you traded in crypto or used crypto or other digital assets to pay for goods or services through a broker.

October 15, 2025 - 14, 2025 — The Internal Revenue Service today reminds individuals who filed extensions for tax year 2024 that their tax returns are due tomorrow. Further, the agency reminds taxpayers that the current lapse in appropriations does not affect the tax filing and payment responsibilities of taxpayers.

You may account for these deductions and update your withholding: Manually by using the deductions worksheet PDF and inputting the result in Step 4(b) of the 2025 Form W-4; or · Consulting a tax professional. The IRS Tax Withholding Estimator (TWE) is not yet updated to reflect certain provisions ...

The portal will remain open beyond September 30, 2025, for limited usage by previously registered users to submit time of sale reports and updates to such reports, such as when a vehicle has been returned. No. Because of the accelerated termination of the section 25C credit, periodic written ...

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.

Rev. Rul. 2025-4 provides guidance to the District of Columbia and states that have mandatory paid family and medical leave programs and for employees working in and employers operating in those states. IR-2025-15, Jan. 15, 2025 — As tax filing season nears, the Internal Revenue Service reminds ...

2 weeks ago - 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 ...

November 5, 2025 - For 2025 – Beginning on Jan.

IR-2025-18, Jan. 27, 2025 — The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

The IRS will provide transition relief for tax year 2025 for taxpayers claiming the deduction and for employers and payors subject to the new reporting requirements.

The IRA contribution limit for 2025 remains $7,000 for workers below the age of 50 and $8,000 for those over 50. This is unchanged from the 2024 limit. If you plan to itemize deductions rather than take the increased standard deduction described ...

Upload documents in response to an IRS notice or letter. ... Find your local office and see what services are available. Extended hours during tax season. ... Working Families Tax Cuts permits Trump Accounts to be established for American children. ... Get informed before filing your 2025 tax ...