Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Thursday the maximum contribution that an individual can make in 2026 ...

The Internal Revenue Service began furloughing nearly half its staff Wednesday because of the ongoing government shutdown, sparking chaos and confusion among employees as the news rippled through ...

The IRS will not immediately be impacted by the partial government shutdown that began on Wednesday, Oct. 1. Congressional leaders failed to agree on funding legislation necessary for the U.S.

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The IRS continues to roll out drafts of some 2026 tax forms, including a draft of Form W-9, Request for Taxpayer Identification Number and Certification. Here’s a look at what’s new—and why it matters ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...

Wondering what tax reporting might look like under the One Big Beautiful Bill Act (OBBBA)? The IRS has released drafts of some 2025 tax forms (that you’ll file in 2026), including a draft of the new ...

The Internal Revenue Service began sharing sensitive taxpayer data this week with immigration authorities searching for undocumented migrants, according to two sources familiar with the matter. As ...

WASHINGTON (AP) — President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation, a White House official said Friday. It was not ...

WASHINGTON, DC - JULY 04: U.S. President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law during an Independence Day military family picnic on the South ...

The Trump administration’s tax and spending bill signed into law this month contains many provisions opposed by the congressional delegations of blue states, including Massachusetts. Nevertheless, the ...