Roth IRAs debuted in 1998, but the difference between them and traditional IRAs can still cause confusion. Traditional IRA contributions are often tax de...
Did you serve on jury duty this year? You may qualify for a federal income tax deduction. If your employer continued paying you while you served and requ...
Some small business owners making building improvements may not have to wait years to deduct all of the costs. A special IRS safe harbor lets qualifying sm...
Did you file a refund or abatement claim based on Kwong v. United States? This case found that the IRS improperly assessed certain penalties and interest d...
Catching wealthy individual and corporate tax evaders often requires cross-border cooperation. That’s why the IRS has partnered with the UK on its whistl...
Changes could be coming to your Health Savings Account (HSA). A new U.S. House bill would enable families to contribute additional funds to their HSAs in t...
Year-end tax planning is especially important for business owners expecting substantial losses in 2026. The “excess” business loss limitation restricts...
The Social Security Administration has announced that Social Security benefits for 2027, including Old-Age, Survivors and Disability Insurance (OASDI) and ...
Did a lender forgive or discharge some of your debt? You could face an unexpected federal income tax bill. Canceled debt is generally treated as taxable in...
One of the 10 basic rights the IRS guarantees taxpayers is the right to a fair and just tax system. In practice, this means that if you can’t pay your ta...
