The stepped-up basis rules can help ease the capital gains tax bite of an inheritance. Under the rules, when your family member inherits an asset, its tax ...
The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Sept. 16, bringing the federal funds rate target range to 3.75%–4...
The IRS’s Tax Withholding Estimator (https://bit.ly/4Af0hEz ) can help you assess how much income tax to have your employer withhold from your paychecks...
In a recent Tax Executives Institute seminar, the IRS’s Large Business and International (LB&I) Division Commissioner Mabeline Baldwin discussed her depa...
Business owners may be able to transfer wealth more tax efficiently by gifting ownership interests to family members. For 2026, the gift tax annual exclusi...
President Trump has signed the Doug LaMalfa Federal Disaster Tax Relief Certainty Act. Among other things, it expands personal deductions for disaster-rela...
The IRS has proposed regulations regarding recent Qualified Opportunity Zone (QOZ) changes. The QOZ program offers tax breaks on capital gains from eligibl...
Employers: The IRS recently updated its FAQs on the qualified overtime pay tax deduction for employees created under the One Big Beautiful Bill Act. The gu...
The IRS has issued final regulations on the car loan interest deduction. For loans taken out after Dec. 31, 2024, on new, U.S.-assembled vehicles used prim...
Does your business receive advance payments from customers? For federal tax purposes, these payments generally are taxable in the year received. But accrua...
