In this letter we report about a new melt-spun Co 40 Fe 22 Ta 8 B 30 metallic glass with a wide supercooled liquid region of 74K. X-ray diffraction (XRD) and high resolution transmission electron microscopy (HRTEM) investigations confirmed that crystallization occurs with significantly longer incubation time during annealing above the glass transition, as compared to the well-known Co 43 Fe 20 Ta 5.5 B 31.5 glassy alloy. The new alloy as a good soft magnetic material showed a very low coercivity of 0.8A/m and polarization of 0.5T. The origin of high thermal stability was attributed to the formation of Ta–Ta bonds in the microstructure and the absence or very low quantity of Ta-based units with the composition close to the stoichiometry of the (Co,Fe) 21 Ta 2 B 6 crystalline phase.