On Dec. 19, 2025, the IRS and the Department of the Treasury provided guidance on claiming the carbon capture tax credit (Section 45Q) for qualified carbon...
Good news for small business employees with a Savings Incentive Match Plan for Employees (SIMPLE) retirement account: Contribution limits are going up. In ...
Continuing care retirement communities (CCRCs) allow seniors to live in one community while accessing different levels of care as their needs change. Some ...
The IRS has announced a new way for individuals to report tax noncompliance to its Whistleblower Office: a digital version of Form 211, Application for Awa...
Beginning on Jan. 1, 2027, eligible individual taxpayers can claim nonrefundable federal tax credits for cash contributions to qualified Scholarship Granti...
Hosting a holiday party for your employees can be a great morale booster, but it also comes with tax considerations. Most entertainment expenses are curren...
According to U.S. Treasury data, revenue from corporate income taxes fell by $52 billion between July and November 2025, compared with the same period in 2...
Life events, such as buying a home, losing a job, getting married or welcoming a new child, can qualify you for certain tax breaks you might not have been ...
Starting in 2026, personal casualty loss deductions will no longer be limited to federally declared disasters. Certain state-declared disasters will also b...
Did you get married this year? Here's something you might not realize: Your filing status for the entire year is based on your marital status as of Decembe...
