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Current Tax News
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In court documents filed in a lawsuit, officials said 1,446 Treasury employees received reduction-in-force notices, including 1,399 at the IRS. [...]
The IRS cited low usage and high costs as reasons for shuttering the program, which began during the previous administration. [...]
An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime compensation for tax year 2025 under H.R. 1. [...]
Oscar Vives, who will speak at the AICPA’s National Tax Conference on retirement strategies, says the experience of growing up with a single mother who worked multiple blue-collar jobs strengthened his resolve to use his math skills and help his family. [...]
Individual taxable earnings of up to $184,500 annually will be subject to Social Security tax in 2026, the Social Security Administration said. The SSA also announced a cost-of-living adjustment of 2.8% for both Social Security and Supplemental Security Income benefits for next year. [...]
Some state lawmakers are considering decoupling from the pro-growth expensing provisions of the OBBBA due to revenue concerns, but it is valuable to recognize just how much the corporate tax base has expanded over the past decade. [...]
Cigarette tax avoidance costs states billions in forgone tax revenue and necessitates additional spending on enforcement of the ineffective policies. [...]
The One Big Beautiful Bill Act contains several key policies that will affect how many taxpayers itemize, and how itemizers may benefit from deducting charitable donations. [...]
Each level of government provides its own services and therefore levies its own taxes to generate revenue for these services. [...]
The US Supreme Court heard oral arguments on November 5 to determine whether the president’s emergency powers under the International Emergency Economic Powers Act (IEEPA) include the power to impose tariffs. [...]
If you’re a UGC creator (user-generated content creator), making content for brands through platforms like Influee®, Steady®, Billo®, or Cohley®, […] The post Taxes for UGC Creators: Influee, Steady & More appeared first on . [...]
If you dabbled in buying or selling cryptocurrency, NFTs (non-fungible tokens), or other digital assets during 2025, you might notice […] The post IRS Form 1099-DA Explained: Digital Asset Tax Reporting Guide appeared first on . [...]
A new car loan interest deduction is hitting the road in tax year 2025, and it could mean extra tax […] The post Can You Deduct Car Loan Interest on 2025 Taxes? appeared first on . [...]
If you purchased health insurance coverage through the Health Insurance Marketplace, you might need to file IRS Form 8962 with […] The post Form 8962: A Guide to the Premium Tax Credit appeared first on . [...]
Getting married changes many aspects of your life, including how you file your taxes. Choosing the right tax filing status […] The post Filing Taxes for Married Couples: Benefits and Tips appeared first on . [...]