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 ...

Before filing your tax return, be sure you understand these 14 key tax forms, what they're for, and how they can impact your refund or what the amount you owe.

Section 224 was pitched as relief for tipped workers. But evolving IRS guidance and technical limitations have made the deduction far more complicated for the self-employed. The One Big Beautiful Bill ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

The IRS has published filing instructions for taxpayers to claim no tax on tips, overtime, and other deductions. The One, Big, Beautiful Bill Act (OBBBA), includes provisions for no tax on tips and ...

The Internal Revenue Service has released a draft version of the 2026 Form W-2, Wage and Tax Statement, with new fields added to prepare the way for the tax exemptions on tips and overtime income ...