The death of a loved one may require you to file the individual’s final income tax return. Fortunately, this melancholy task is similar to filing your ow...
Last year’s One Big Beautiful Bill Act placed a new floor under the deductibility of charitable contributions. Beginning in 2026, if you itemize, you may...
To help phase out paper checks and issue more refunds via direct deposit, the IRS is encouraging taxpayers to provide banking information on their 2025 tax...
Parents now have two options to open a Trump Account (TA): They can file IRS Form 4547 electronically at trumpaccounts.gov or include the form with their 2...
Big news for agriculture innovators: On Feb. 3, the U.S. Tax Court ruled in George v. Commissioner that research to improve poultry health, disease resista...
Many married couples include a working spouse and a nonworking spouse, but that doesn’t mean the nonworking spouse can’t save for retirement. A nonwork...
Tax season is here, and as you prepare to file your federal return, tax credits deserve a close look. Unlike deductions, credits reduce the amount taxpayer...
If you claimed an exemption from federal income tax withholding in 2025, remember to renew it by Feb. 17. Your exemption won’t renew automatically. To ke...
Minimizing federal tax is just one segment of any tax-reduction strategy. Careful planning can also help individuals reduce (and even eliminate) state inco...
The IRS has proposed regulations regarding the clean fuel production credit (https://bit.ly/4kctoAO). The regs are intended to explain how clean transporta...
