Taxes January 23, 2026
The House Rules Committee declined to advance an amendment to a larger spending bill that would restore a gambler’s ability to deduct 100 percent of losses on annual tax filings.
State and Local Taxes February 6, 2025
President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including a call to end the carried interest tax break used by private equity fund managers and expand the state and local tax deduction.
![natural_disasters_list_1_.56117a5e5df03[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2021/12/natural_disasters_list_1_.56117a5e5df03_1_.61c1db14bf0ea.png)
Taxes February 6, 2025
The American Institute of CPAs requested that the IRS incorporate a checkbox and Federal Emergency Management Agency (FEMA) disaster number space into various tax returns.
Taxes February 6, 2025
The survey was created to gauge the impact of the $10,000 cap on SALT deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017. The cap is due to expire this year.
Taxes February 5, 2025
The IRS initially planned to lower the reporting threshold to $600, but implementation has been delayed. For the 2024 tax year, the threshold is $5,000, though reductions are expected in 2025 and 2026.
Taxes February 4, 2025
In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.
Taxes February 4, 2025
A new survey from Invoice Home sought to uncover the current state of consumer tax filing for Americans in 2025 and the hurdles people are willing to put themselves through when it comes to filing annually.
Taxes February 3, 2025
From a fear of being audited by the IRS to a lack of familiarity with U.S. tax laws, people across the country have expressed a diverse range of emotions as the April 15 federal income tax deadline looms closer, according to findings from a new Adobe survey.
Taxes February 3, 2025
The IRS is slowly cutting the time it takes to assist taxpayers who have been victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said last week.
Taxes February 3, 2025
Tax credits are usually a direct subtraction of what you owe, and can sometimes come back to you in your refund. A tax deduction generally reduces what your taxable income is. In this article, we're looking at the Top 10 tax credits and deductions, if you qualify!
Small Business February 3, 2025
More than 20% of respondents plan to pay a tax professional for the first time as a result of 1099-K reporting changes and complexity.
Taxes February 3, 2025
One in five eligible taxpayers don’t claim this credit worth up to $7,830.
Taxes January 31, 2025
A new study from LLC.org has found that tax refund anticipation is particularly pronounced in southern states, many of which have the lowest median household incomes in the U.S.