When should employees expect to receive their 2025 Form W-2? Most years, employers must either directly provide or mail W-2s by Jan. 31. But Jan. 31 falls ...
You’ll receive a CP24 notice if the IRS reviews your tax return and determines you’re due a refund that differs from what you originally claimed. This ...
The Affordable Care Act’s enhanced premium tax credits (PTCs) have now expired. The IRS recently updated its FAQs on PTCs. In a nutshell, a taxpayer can ...
If you make estimated tax payments, remember that the final 2025 payment is due Jan. 15, 2026. Generally, you’ll need to make estimated tax payments if y...
Have you taken out a new car loan? The IRS has unveiled proposed regulations on the car loan interest deduction provision under the One Big Beautiful Bill ...
Owners of larger businesses, beware: Unless you qualify for an exception, your business interest deduction is generally limited to 30% of adjusted taxable ...
The IRS has issued the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs. Effective Jan. 1, 2026, the standard mileage rate ...
For income tax purposes, a business loss generally occurs when a business’s deductions for the year exceed its revenue. But you can turn lemons into lemo...
When you file your 2025 tax return, should you do so as a head of household? Assuming you qualify, it could be more favorable than filing as single. To be ...
The IRS has issued estimated-tax penalty relief for taxpayers who properly elect under Sec. 1062 to pay tax on qualifying farmland sale or exchange gains i...
