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...
Life events, such as buying a home, losing a job, getting married or welcoming a new child, can qualify you for certain tax breaks you might not have been ...
Starting in 2026, personal casualty loss deductions will no longer be limited to federally declared disasters. Certain state-declared disasters will also b...
Did you get married this year? Here's something you might not realize: Your filing status for the entire year is based on your marital status as of Decembe...
The IRS has provided an overview of the improvements made to the Adoption Tax Credit by the One Big Beautiful Bill Act. The credit can be claimed for eligi...
The Affordable Care Act's enhanced premium tax credit (PTC) is scheduled to expire on Dec. 31, 2025. In an unexpected turn, four House Republicans have joi...
Most people know that holiday retail sales are important to state and local governments that rely on the collection and remittance of sales tax in their ju...
On Dec. 18, 2025, President Trump signed an executive order to expedite the rescheduling of cannabis from a Schedule I to a Schedule III drug. Although thi...
