The IRS has launched a new Tax Withholding Estimator to help taxpayers adjust paychecks, avoid tax surprises, and account for ...

The Internal Revenue Service has unveiled a new tool that will help people avoid a nasty surprise at tax time. In the wake of tax changes from the One, Big, Beautiful Bill – including no tax on tips ...

A W-2 is the form your employer is required to send to you by the end of January documenting how much money you earned ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you receive money from a lawsuit, as with most legal ...

Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

The IRS does not offer one “tax forgiveness” program — relief comes through options like Offer in Compromise, penalty abatement and hardship status. Qualifying depends on your financial situation, ...

The April 15 tax deadline is moving closer. What taxpayers need to know about postmarks, extensions, potential errors and ...

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 received any type of income from your scholarship, fellowship, assistantship, on-campus employment, and off-campus employment in the 2025 tax year, you must file a federal tax return. Some of ...

Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...