The new federal tax deduction could dramatically reduce your tax bill this year. But it's not exactly tax-free. We break down the critical rules and qualifications. Dawn Allcot is a full-time ...

The IRS has released a new Schedule 1-A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan interest, and seniors. Eligible workers can ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. The Internal Revenue Service (IRS) published on Monday a new schedule that taxpayers will use to claim a series of ...

The IRS published Schedule 1-A (Form 1040), Additional Deductions, along with updated instructions for Form 1040, U.S. Individual Income Tax Return, that explain how taxpayers can claim the new ...

Locksmiths, tattoo artists and pedicab drivers are among those who could benefit from a new deduction this tax season that lowers the burden on workers who received tips as part of their income last ...

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No matter how well you think you know your iPhone, there are always tons of hidden features and shortcuts that you aren't aware of, or might have forgotten about. We've rounded up 10 useful iPhone ...

The tax break on tip income is not automatic. You need to file a new form. The U.S. Treasury Department has a list of dozens of occupations that 'customarily and regularly received tips' that qualify ...

Your Mac is more than just a computer—it’s a versatile tool equipped with features designed to enhance productivity, simplify tasks, and streamline your workflow. However, many of these features ...

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Prefer Newsweek on Google to see more of our trusted coverage when you search. Millions of Americans who receive tips or overtime pay have been issued new guidance from the Internal Revenue Service ...