National Taxpayer Advocate Erin Collins is asking the U.S. Congress to protect taxpayers following a U.S. Supreme Court ruling on the Collection Due Proces...
The One Big Beautiful Bill Act introduced a 100% deduction for the cost of qualified production property (QPP) whose construction begins after Jan. 19, 202...
For 2026, SIMPLE-IRA participants age 50 or older can take advantage of catch-up contributions that allow them to save more for retirement while potentiall...
When it comes to filing your federal tax return, mistakes can happen. The IRS encourages taxpayers to carefully review their return before filing it to mak...
It’s tax season, and for some taxpayers, that means facing a balance due. If you can’t pay your full tax bill, an offer in compromise (OIC) could help ...
The IRS is reminding taxpayers of new deductions available this tax season. If you’re 65 or older, you potentially can claim an additional $6,000 deducti...
The death of a loved one may require you to file the individual’s final income tax return. Fortunately, this melancholy task is similar to filing your ow...
Last year’s One Big Beautiful Bill Act placed a new floor under the deductibility of charitable contributions. Beginning in 2026, if you itemize, you may...
To help phase out paper checks and issue more refunds via direct deposit, the IRS is encouraging taxpayers to provide banking information on their 2025 tax...
Parents now have two options to open a Trump Account (TA): They can file IRS Form 4547 electronically at trumpaccounts.gov or include the form with their 2...
