Did you know that you may qualify for a tax deduction if you’ve incurred unreimbursed medical expenses that exceed 7.5% of your adjusted gross income? To...
Even before the new tariffs on foreign goods kicked in on Aug. 7, 2025, tariffs were generating a lot of cash. According to the U.S. Treasury, the federal ...
Two lawmakers, Senator Mazie Hirono (D-HI) and Representative Jill Tokuda (D-HI), have reintroduced the Protecting and Preserving Social Security Act. It w...
As part of its phased implementation of the One Big Beautiful Bill Act (OBBBA), the IRS announced that there will be no changes to certain information retu...
President Trump has removed Billy Long as the IRS commissioner. Long, a former Republican member of Congress from Missouri, was sworn in as the 51st IRS co...
More than 1,500 nonprofit and religious organizations are speaking out against the Trump administration’s intention to stop enforcing the Johnson Amendme...
Spouses filing joint federal tax returns are generally both liable for any tax owed. Some spouses may be eligible for “innocent spouse” relief, but suc...
Employers seeking to offer family-friendly benefits may want to consider flexible spending accounts (FSAs) for dependent care. These FSAs let employees mak...
The year is more than halfway over, so now is a great time to consider ways to reduce your 2025 tax bill. If you’re age 70½ or older and own or are the ...
One provision of the One, Big, Beautiful Bill Act you probably haven’t heard much about is a repeal of the long-standing tax on firearm silencers or ...
