Chapter 13 bankruptcy is intended to protect financially distressed individuals and sole proprietors so they can repay creditors and get out of debt. But i...
As you’ve probably heard by now, the One Big Beautiful Bill Act introduced a deduction for qualified overtime compensation for 2025 through 2028. The ded...
Personal theft losses generally aren’t deductible unless they’re attributable to a federally declared disaster. Even then, the write-off is available o...
In the lead-up to this year’s tax filing season, which officially begins on Jan. 26, the IRS has announced significant leadership and operational changes...
The One Big Beautiful Bill Act reshapes charitable tax planning for 2026. Itemizers can still deduct gifts to qualified charities, but only the amount that...
Closing a business can be overwhelming. But don’t let tax duties fall through the cracks. File a federal income tax return for your business’s final ye...
The Republican Study Committee (RSC), made up of conservative U.S. House members, has released its framework for a new budget reconciliation bill. Included...
Your marital status affects many federal tax filing variables, including your standard deduction, credit eligibility and tax owed. If you’re currently ...
The IRS could face another budget cut this year. The House recently passed legislation that would reduce funding for the tax agency by approximately $1.1 b...
The IRS confirmed that the one-time supplemental housing payments issued to uniformed service members in December 2025 aren’t subject to federal income t...