Remember those postcard-sized tax returns? They’re here. Sort of. They’re not exactly postcard-sized, but the new form 1040 is smaller than before. The Internal Revenue Service (IRS) has made the new ...

Here's a rundown of the new postcard-sized Form 1040 and why it may not be as simple as it seems. The IRS recently released a draft of its new Form 1040 that every American taxpayer will use to file ...

For 2018–2025, the Tax Cuts and Jobs Act (TCJA) eliminates write-offs for miscellaneous itemized expenses that were previously subject to the 2%-of-adjusted-gross-income (AGI) deduction threshold.

Q. The instructions on Form 1040 allow a deduction for medical costs that exceed .075 of adjusted gross income (AGI). However on the Schedule A form, you are instructed to enter 10 percent of adjusted ...

Today marks the kickoff of tax season, and between the ongoing government shutdown and implementation of the 2017 tax law, it promises to be an interesting one (well...as interesting as tax season can ...

The Tax Cut and Jobs Act (TCJA) that took effect for the 2018 tax year was billed as both a cut in tax rates and a simplification of tax filings for millions of Americans. The new Form 1040 was to be ...

The House of Representatives is scheduled to vote on the $2 trillion stimulus package Friday as Americans await financial relief from the coronavirus pandemic. The bill will give most people a ...

The IRS recently released a draft of its new Form 1040 that every American taxpayer will use to file their 2018 tax returns early next year. And as expected, the new form is significantly different ...