The IRS on Friday announced January 27 as the official start date of the 2025 tax season, and expects more than 140 million ...

You can report the loss on Schedule C to your Form 1040 and write ... profit if you make a profit in 3 years out of 5. But you may still be able to convince the IRS that you are running a business ...

The 2024 and 2025 rules require donors to itemize their deductions to claim any charitable contribution deductions. Here's what you need to know.