The IRS has announced its annual inflation-adjusted income tax brackets and other amounts. For 2026, the highest rate (37%) will apply to taxable income ov...
The American Institute of Certified Public Accountants (AICPA) has asked the IRS to retain full staffing during the current government shutdown. However, t...
Employers and employees, take note: The IRS has released 2026 inflation-adjusted limits for employee health benefits. Workers who defer earnings to health ...
Employers seeking ways to attract and retain top talent may want to consider providing child care services to staff. A significantly enhanced tax credit ca...
Teachers and other educators should be glad to know that the above-the-line tax deduction they can claim for unreimbursed educator expenses will soon rise....
If you own a business, the Sec. 179 expensing election allows you to deduct the cost of purchasing eligible assets rather than depreciating them over multi...
Taxpayers who owe more taxes than they can pay have options, which include payment plans, but compliance is key. If repayment will take more than 180 days,...
The Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule (RRE Rule) was first published in 2024 and is intended to help fight money...
Do you own a business (or are you self-employed) and have you extended your 2024 income tax return to Oct. 15, 2025? You may still be able to reduce your 2...
Congressional leaders were unable to come to an agreement on a short-term funding deal. As a result, the federal government has shut down. The last governm...