If you earn income from tips, you may want to mark up your 2026 calendar now. You’ll be required to report the previous month’s tips income of $20 or m...
The Federal Reserve lowered interest rates by one-quarter of a percentage point on Dec. 10, 2025. This was the third meeting in a row that the Fed board lo...
The Work Opportunity Tax Credit (WOTC), scheduled to expire on Dec. 31, 2025, offers tax savings to businesses for hiring individuals from targeted groups....
Businesses should act quickly if they want to maximize their Sec. 179 expense deduction for the 2025 tax year. To qualify, the eligible property must be pl...
The One Big Beautiful Bill Act (OBBBA) permanently eliminates the deduction for interest on home equity loans and lines of credit. Previously, this deducti...
If you’re looking for last-minute ways to lower your 2025 tax bill, consider prepaying some education costs. Taxpayers may be able to claim an American O...
On Dec. 1, the U.S. House passed the Tax Court Improvement Act with bipartisan support. The legislation is designed to increase accountability, simplify co...
The IRS is providing guidance on new tax benefits of Health Savings Accounts (HSAs) under the One Big Beautiful Bill Act (OBBBA). Among other things, the O...
When businesses issue audited financial statements, year-end physical inventory counts may be required for retailers, manufacturers, contractors and others...
A living trust is one of the most versatile estate planning tools available. It offers a streamlined way to manage and transfer assets while maintaining pr...