As the year winds down, you may be hoping to combine smart estate tax planning with tax savings using the annual gift tax exclusion. For 2025 and 2026, thi...
Employers who’re responsible for collecting payroll tax and remitting it to the IRS can face a penalty equal to 100% of the unpaid amount if they willful...
The IRS has announced its annual inflation-adjusted income tax brackets and other amounts. For 2026, the highest rate (37%) will apply to taxable income ov...
The American Institute of Certified Public Accountants (AICPA) has asked the IRS to retain full staffing during the current government shutdown. However, t...
Employers and employees, take note: The IRS has released 2026 inflation-adjusted limits for employee health benefits. Workers who defer earnings to health ...
Employers seeking ways to attract and retain top talent may want to consider providing child care services to staff. A significantly enhanced tax credit ca...
Teachers and other educators should be glad to know that the above-the-line tax deduction they can claim for unreimbursed educator expenses will soon rise....
If you own a business, the Sec. 179 expensing election allows you to deduct the cost of purchasing eligible assets rather than depreciating them over multi...
Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize domestic Section 174 research and ex...
As the end of the year approaches, many people give more thought to supporting their favorite charities. If you’re charitably inclined and you itemize de...
