IRS Adds Schedule 1-A for 2025 Returns, Letting Workers Deduct Overtime Pay and Car Loan Interest
The IRS adds four new deductions for 2025, covering tips, overtime, car loans, and seniors, claimable on the…
Articles by & updated by Sai Sankar
Dual-Status Taxpayers Face Filing Challenges with IRS Free File and Direct File
Navigate 2026 tax filing for immigrants: Learn how residency, foreign assets, and income levels determine if you need…
Check Your IRS Online Account for Tax Records and Refund Status Before Filing 2025 Return
Use your IRS Online Account to verify payments and records before filing 2025 taxes in 2026 to prevent…
Indian Nris Investing in U.S. Stocks Use W-8BEN to Avoid Withholding, 1042-S Reports Dividends
A guide for Indian investors on managing U.S. tax forms W-8BEN, 1042-S, and 1040-NR for stock investments and…
House Proposes Nest Egg Protection Act to Raise Capital Gains Exclusion to $1 Million
Lawmakers proposed the Nest Egg Protection Act to boost the home-sale capital gains exclusion to $1 million for…
IRS Lets Taxpayers Upload Documents Online Using Access Code from Certain Notices
Learn how to use the IRS Document Upload Tool to securely respond to tax notices in 2026. Avoid…
IRS Sends CP2000 Notices When Form 1099-B Omits Cost Basis on Stock Sales
Learn how to resolve IRS CP2000 notices for stock sales. Understand cost basis mismatches, Form 1099-B reporting, and…
IRS Applies Tax Payment to Wrong Year, Triggers CP14 Balance Due Notice
Learn why the IRS CP14 notice might be a posting error and how to fix misapplied payments to…
Section 87A Income Tax Rebate Can Zero Out Tax for Small Earners in Any Tax Regime
Section 87A offers tax rebates up to ₹60,000 for residents in 2026, potentially reducing tax liability to zero…