Certain taxpayers will claim deductions made available by the One Big Beautiful Bill Act on a new tax form. These include new deductions for seniors, those...
The clock is ticking on the availability of federal tax credits for buying an electric vehicle (EV) or other eligible clean vehicle. Credits of up to $7,50...
The IRS has issued final regulations to address SECURE 2.0 Act provisions related to “catch-up” contributions. Eligible taxpayers age 50 or older can m...
The Congressional Budget Office (CBO) has published an update to its economic forecast. According to the CBO, President Trump’s tariffs, the tax provisio...
Recently, Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki updated a U.S. House Financial Services subcommittee on Corporate Transparenc...
There’s a bill in Congress to eliminate capital gains tax on the sale of primary residences. It’s unclear whether it might pass in the future. Until th...
What should you do if you’re victimized by a tax fraud scam? The IRS instructs defrauded taxpayers to first cut off all contact with the perpetrator. The...
The U.S. Supreme Court has agreed to an expedited timeline to rule on the legality of President Trump’s tariffs. They were levied without congressional a...
Being prepared for disasters is always important. But the IRS warns that you should also be on the alert for an uptick in scams aimed both at survivors and...
You may have heard the saying, “Don’t be caught unaware; be prepared.” It certainly applies to your taxes. Indeed, not paying enough taxes throughout...
