The IRS has issued final regulations on the tax deduction for qualified cash tips. The One Big Beautiful Bill Act created the deduction of up to $25,000 pe...
If you’re currently evaluating financial aid awards for your college-bound child, it’s important to understand what types of assistance are taxable. In...
The IRS recommends that taxpayers create an individual online account to securely access their tax information. This account lets you view your refund stat...
New U.S. Postal Service rules could affect taxpayers who mail their tax returns. Postmarks may be applied when mail reaches automated processing, not neces...
Some taxpayers are allowed to settle their debt with the IRS for less than the amount owed with an offer in compromise (OIC). However, beware of “OIC mil...
On average, Americans are receiving an 11% larger tax refund ($3,521) this year. That’s according to filing season statistics as of March 27, 2026. The I...
Did you know that you can deduct certain types of interest expense? It’s true, though rules and limitations apply. For example, mortgage interest may be ...
Eligible individuals and their family members with disabilities can use tax-advantaged Achieving a Better Life Experience (ABLE) accounts to fund qualified...
The Qualified Opportunity Zone (QOZ) program offers tax breaks on capital gains from eligible long-term investments in designated low-income and rural comm...
The IRS has announced an expansion of its Business Tax Account (BTA), making the self-service platform available to partnerships; tax-exempt organizations;...
