New IRS form Schedule 1‑A unlocks 4 major tax deductions for 2025

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?
Colts Wire

$6,000 senior tax deduction for federal returns has plenty of rules

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

How to boost your tax refund

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

Filing For A Tax Return Extension? Don’t Make This Common Mistake

Applying for a six-month extension is easy, but IRS rules still require you to make a proper estimate of the taxes you owe. A ...

Your tax refund could be $1,000 larger in 2026. Here's where to put that money

The One Big Beautiful Bill Act (OBBBA) included a number of changes to the tax code, including a larger standard deduction, a boost to the Child Tax Credit and a new deduction for taxpayers 65 and ...

What Are Individual Tax Returns, and How Do They Work?

An individual tax return is a government form that reports all income for the previous year and any taxes due on it.
Investopedia

Refund: What It Means, Different Types, Example

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 ...

Tax Refunds Are Up In 2026—But Not As Much As Some Expected

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.