Earlier this year, we shared news about the U.S. Treasury’s directive to stop issuing and accepting paper checks. Now, the IRS has taken...

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the...

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the...

The legislation being referred to as One Big Beautiful Bill was signed into law on July 4, 2025, and brings significant changes to the...

Summertime is common time for wedding bells to ring, and newlyweds can make their tax filing easier by doing a few things now. A...

As we move through 2025, the IRS is urging taxpayers to take a proactive step that could save them stress and money come tax season:...

For 2024, there were no major changes to federal tax law. In December 2022, the SECURE Act 2.0 was passed, which made many changes to...

Tax preparers often encounter clients who are confused about the various tax credits available to them. Understanding these credits can...

Tax season can be stressful, especially if you're worried about penalties. Whether you're an individual or a small business owner, IRS...

The Internal Revenue Service has announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including...

In the labyrinth of tax regulations, the self-employed health insurance deduction stands out as a beacon of relief for self-employed...

As Boomers and Gen Xers approach retirement, effective financial planning becomes crucial to ensure a comfortable and secure future. This...

Underpayment penalties are a common concern for taxpayers, and many are unaware of how substantial they can be. These penalties are...

Selling a property you have owned for a long period of time will frequently result in a large capital gain, and reporting all of the gain in

You can use credits and deductions to help lower your tax bill or increase your refund. Deductions can reduce the amount of taxable...

During his State of the Union Address before Congress on March 7, 2024, President Biden presented an overview of his tax agenda proposed...

About 3 out of 4 American taxpayers receive a refund each year when they file their income tax returns, but there are those who for one...

There are some unique ways to make charitable contributions that can provide tax advantages to the donor. Before deciding about your...

If your 2023 tax return has already been filed and you are due a refund, you can check the status of your refund online. For your Federal...

Gift and estate taxes are both part of the federal transfer tax system and are interconnected. Gift tax applies to transfers of wealth...