Tax season is officially underway in New Mexico. On Friday, Jan. 16, the New Mexico Taxation and Revenue Department started ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

US workers can expect to receive a W-2 form by the first week of February. The form details your total earnings from the ...

If you’re a business owner or have other types of taxable income, you may need to make quarterly estimated payments in order ...

ALLEGAN, Mich. (WOOD) — Allegan County is warning residents of fake letters ahead of tax season. According to the Allegan County Clerk & Register of Deeds Bob Genetski, multiple people received forms ...

Do you know what a W-2 form — officially termed Form W-2 by the IRS — actually is? According to the Tax Foundation, a majority of tax filers are unaware of basic tax concepts and requirements for ...

Social Security beneficiaries may get good or bad news when they receive Form 1099, which shows the amount of benefits earned in 2025 and their tax liabilities when they file taxes in 2026. Two laws ...

The IRS issued guidance for workers eligible to claim the temporary deductions for tip and overtime compensation for tax year 2025 and is updating some income tax forms and instructions to help ...

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 AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...