Beginning this year, the tax-free 529 plan withdrawal limit for qualified elementary and secondary school expenses has doubled to $20,000 per year per bene...
Are you expecting a hefty tax bill for 2025 that you can’t immediately pay? Don’t panic. First things first: File your tax return. The failure-to-fil...
On March 12, the U.S. Senate passed the bipartisan 21st Century ROAD to Housing Act. Among provisions intended to boost housing availability and affordabil...
Are you a business owner or self-employed? Do you drive for business purposes? If so, you’ll be happy to know that the IRS’s standard mileage rate for ...
If the IRS flags your tax return for potential identity theft, don’t panic. According to the Taxpayer Advocate Service, the IRS suspended the processing ...
There are instances when taxpayers aren’t legally required to file a federal income tax return. This could apply if your income is under the filing requi...
Did you know you can amend your tax return if you need to revise information after you filed it? Amended returns let taxpayers fix errors or omissions — ...
Eligible taxpayers holding digital assets (such as cryptocurrency) through custodial brokers can continue using alternative methods to adequately identify ...
If you disagree with an IRS decision, you might have the right to appeal. Eligible taxpayers should mail a written protest to the IRS address listed in the...
Retirees and soon-to-be retirees should understand Medicare’s Income-Related Monthly Adjustment Amounts (IRMAAs). These surcharges increase Part B and Pa...
