A new Treasury Inspector General for Tax Administration (TIGTA) report says that IRS audits of high-income taxpayers and partnerships increased from fiscal...
The IRS has provided information on how certain provisions in the new law, including no tax on tips, should be executed. Employees and self-employed worker...
President Trump signed an executive order (EO) instructing the Treasury Dept. to “strictly enforce the termination of the clean electricity production an...
One of the lesser-known provisions of the One, Big, Beautiful Bill Act is a new deduction for certain vehicle interest. This provision allows taxpayers to ...
If you requested an extension to file your tax return after the April 15, 2025, due date, the extended deadline is Wednesday, Oct. 15. If you have the info...
Now that the One, Big, Beautiful Bill Act is law, certain older taxpayers can enjoy a new tax break. For 2025 through 2028, those age 65 and up can claim a...
Some business owners got welcome news with the One, Big, Beautiful Bill Act (OBBBA). The new law makes the qualified business income (QBI) deduction perman...
How do you know if an email or text message purportedly from the IRS is real? Criminals are increasing their misuse of electronic messages, social media an...
The federal income tax rate on long-term capital gains and qualified dividends from securities held in taxable brokerage firm accounts is still 0% when the...
There are several points of disagreement between U.S. House and Senate Republicans on the tax provisions to be included in The One, Big, Beautiful Bill. Bu...
