A qualified terminable interest property (QTIP) trust can be a valuable estate planning tool if you have a blended family. In such families — where one o...
Taxpayers who give the IRS Whistleblower Office (WBO) credible, specific tips about unpaid taxes may qualify for cash awards. To qualify for an award, the ...
If you’re self-employed and have realized a net profit for the year, you may be eligible for the self-employed health insurance deduction. This is an adj...
Giving Tuesday (Dec. 2, 2025) will soon kick off the holiday charitable giving season. If you’re planning to make donations, take steps to ensure you don...
The Collection Statute Expiration Date (CSED) is the legal deadline for the IRS to collect assessed tax debts. Generally, it’s 10 years from the date of ...
Contributions to a Savings Incentive Match Plan for Employees (SIMPLE) are typically made on a pretax basis. Most retirement plan contribution limits are a...
The IRS has announced that interest rates for both overpayments and underpayments of individual taxpayers will remain at 7% for the calendar quarter beginn...
Student loan borrowers who use income-driven-repayment (IDR) plans could soon experience large, unexpected tax liabilities. After borrowers on IDR plans pa...
Not everyone is eligible to make tax-deductible contributions to a traditional IRA. For example, for 2026, deduction eligibility for single taxpayers who a...
The IRS has issued 2026 retirement plan numbers. In 2026, individuals with IRAs can contribute up to $7,500 (up from $7,000 in 2025). The IRA catch-up cont...