The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

Tax credits and tax deductions both decrease what you owe the IRS, but in different ways. Here's the difference, and how you can make them work for you.

Learn how to complete your 2025 W-4 Tax Withholding Form accurately to ensure the correct tax amount is withheld, preventing underpayment or overpayment.

If you’re preparing your taxes, you'll file federal income tax Form 1040. Because tax laws change often, Form 1040 might have subtle differences from year to year. Form 1040 is the main form that ...

If you can file your taxes early, you should. Here's everything you'll want to have ready to do it. Peter is a writer and editor for the CNET How-To team. He has been covering technology, software, ...

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...

The new OBBB requires tip & overtime tax reporting, but the IRS has issued a penalty relief for 2025, as employers adjust.

Kelly Phillips Erb is a Forbes senior writer who covers tax. It's been nearly a month since President Trump signed the new tax reform bill into law and taxpayers are still trying to determine how it ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

NEW YORK — In recent years, thousands of the nation's teachers have claimed a deduction of up to $250 on their federal income tax returns for out-of-pocket costs for crayons, construction paper and ...