Taxes December 19, 2025
2025-2026 Tax Season Guide to OBBBA Tax Law Changes – SPECIAL SERIES
This series of articles spotlights key tax issues and changes made to tax law in 2025 and the years to come as a result of the OBBBA.
Taxes January 8, 2025
Taxpayer Advocate: IRS Has Improved Taxpayer Services, But Delays in ERC Claims and Identity Theft Assistance Still a Concern
In her latest annual report to Congress, National Taxpayer Advocate Erin Collins praised the IRS for a much-improved taxpayer experience but also highlighted several ongoing challenges at the tax agency.
Taxes January 8, 2025
Mid-Market CEOs Worried About Financial Impact of Trump’s Tariffs, Survey Finds
However, optimism about the business environment is rising among middle-market CEOs, with tax policies getting a mixed reaction, according to the latest survey from top 15 accounting firm CBIZ and Hofstra University.
Taxes January 8, 2025
Opinion: 3 Ways More IRS Cuts Under Trump Could Hurt the Economy
Donald Trump's election with Republican majorities in Congress likely means less funding for tax enforcement. That will hurt economic productivity and efficiency.
Taxes January 8, 2025
Opinion: The Case for Killing the Tax Credit for Electric Vehicles
It's ineffective at shaping behavior, and it primarily benefits the wealthy while needlessly adding to the deficit. EVs aren't even good at curbing climate change, and the credit could be stifling better alternatives.
Taxes January 7, 2025
Trump Keeps World Guessing Over How He Intends to Impose Tariffs
In the past 24 hours, President-elect Donald Trump has said that Congress will use revenue from tariffs to help pay for extending his 2017 tax cuts in a “powerful” bill that would eliminate taxes on tips.
Taxes January 7, 2025
Here’s What Comes Next for California Fire Victims Who Won Federal Tax Relief
Tens of thousands of Northern California fire victims stand to recover millions of dollars in reimbursements for federal taxes paid on wildfire settlements now that the Federal Disaster Tax Relief Act finally passed Congress last month and was signed by President Joe Biden on Dec. 12.
Taxes January 6, 2025
Trump’s Major Legislative Agenda Will Pass by May, Speaker Mike Johnson Says
Johnson said on Fox News that the massive bill would address issues such as an extension of the 2017 Trump tax cuts, border security, raising or eliminating the federal debt ceiling, reducing federal regulations and “dismantling the deep state.”
Taxes January 2, 2025
Nine States Cut Individual Income Taxes on Jan. 1
Seven of the states that are lowering their individual income taxes in 2025 have legislatures that are controlled by Republicans, as well as Republican governors.
Income Tax December 31, 2024
2025 Tax Refund Dates – Where’s My Refund, And When Will I Get It?
Depending on when taxpayers file their returns, they can often receive their federal tax refund payment (check or direct deposit) within 10-21 days.
Taxes December 26, 2024
Top Year-End Tax Planning Strategies
With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutions—setting the stage for your clients’ financial success in 2025 and beyond.
Taxes December 26, 2024
7 Tips to Prepare for Next Year’s Taxes Now
As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. Here are tips and strategies to prepare now for the 2025 tax-filing deadline.
Taxes December 19, 2024
IRS Raises Standard Mileage Rate to 70 Cents Per Mile in 2025
The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.