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...
Are you age 65 or older? If so, for tax years 2025 through 2028, a provision of the One Big Beautiful Bill Act may allow you to claim an additional deducti...
If you're traveling for the holidays, you're probably also paying additional federal taxes and fees. For example, the price of airline tickets typically in...
On Dec. 19, 2025, the IRS and the Department of the Treasury provided guidance on claiming the carbon capture tax credit (Section 45Q) for qualified carbon...
Good news for small business employees with a Savings Incentive Match Plan for Employees (SIMPLE) retirement account: Contribution limits are going up. In ...
Continuing care retirement communities (CCRCs) allow seniors to live in one community while accessing different levels of care as their needs change. Some ...
The IRS has announced a new way for individuals to report tax noncompliance to its Whistleblower Office: a digital version of Form 211, Application for Awa...
Beginning on Jan. 1, 2027, eligible individual taxpayers can claim nonrefundable federal tax credits for cash contributions to qualified Scholarship Granti...
Hosting a holiday party for your employees can be a great morale booster, but it also comes with tax considerations. Most entertainment expenses are curren...
According to U.S. Treasury data, revenue from corporate income taxes fell by $52 billion between July and November 2025, compared with the same period in 2...
