Millions of taxpayers are using a new IRS form to claim deductions for tips, overtime, car loan interest, and seniors. What is Schedule 1-A?

Even if you dread doing taxes, the good news is there are some new ways to increase your refund. Miguel Burgos, CPA and ...

The IRS raised the senior tax deduction for 2025. Here’s who qualifies, how much you can claim, and what retirees should know before filing.

Few things generate as much tax-season anxiety as a federal tax refund. Taxpayers worry when it’s smaller than expected, panic when it’s delayed, and cheer when it’s bigger—often without being ...

A tax refund may feel like a windfall, but it’s really your own money coming back. Here’s how to decide whether to save, invest, or pay down debt.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

Experts share tips to maximize your tax return, from keeping receipts year-round and combining credits to carrying forward ...

Brand new rules for tax breaks on overtime and tip income are bound to drive taxpayers bonkers when trying to file their 2025 federal income tax returns next year. Expect to face far more work and ...

Mistakes happen, and the tax law can be complex and ambiguous. The question becomes, what does a taxpayer do if they discover a mistake on their tax return? Should an amended tax return be filed? In ...

New IRS data shows the average refund rising to $3,676, well below earlier projections that suggested refunds could increase by $1,000 or more this year.