IRS Urges Early Tax Season Preparations for US Residents

IRS urges early tax season preparations for US residents

The Internal Revenue Service (IRS) is encouraging taxpayers to prepare early for the 2026 tax filing season. By visiting the IRS website, taxpayers can find tips on new considerations for filing. The IRS highlighted the impact of the One, Big, Beautiful Bill on federal taxes, credits and deductions. The bill includes changes like no tax

Financial News Network - IRS releases guidance for Trump's 'no tax on tips' and overtime deductions: What to know

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible workers can claim up to $25,000 for tips and $12,500 for overtime.Read More …