Taxes May 15, 2026
Tax Day may have passed weeks ago, but Washington residents living in areas affected by storms, flooding and landslides late last year are getting yet another extension.
Taxes August 11, 2025
The biggest potential beneficiaries are those who have already built considerable wealth through their property, and they mainly come from states where home prices are high and have increased quickly, according to a Redfin report.
OBBBA Tax Act August 7, 2025
The Internal Revenue Service recently stated that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.
Taxes August 5, 2025
The Republican Texas senator has joined with Nevada Democrats on legislation to restore the full deductibility of losses, saying it’s a matter of basic fairness for professional players who depend on their winnings to pay their bills.
Taxes August 5, 2025
Taxpayers shouldn’t bet the house that this recent tax change will be reversed and should instead prepare for their betting income to receive a different tax treatment starting next year.
Taxes August 5, 2025
The kiddie tax was established almost 40 years ago to prevent parents from avoiding taxes by transferring large gifts of investment assets to their children.
Taxes August 5, 2025
Workers are cautiously optimistic about the tax code changes in the One Big Beautiful Bill Act, which allow some to deduct tips and overtime pay from their income up to certain limits.
Taxes August 1, 2025
An IRS spokesperson confirmed the agency is awaiting the task force’s findings, which must be delivered to Congress within 90 days.
Taxes July 28, 2025
A new IRS memorandum highlights changes aimed at reducing examination times for large corporations while making the audit process more customer-driven, consistent, and efficient.
Taxes July 25, 2025
Business Tax Account designated officials must revalidate their accounts by July 29 in order to maintain access, the IRS said on Wednesday.
Taxes July 24, 2025
The slot reporting threshold is governed by an IRS regulation, so the change will not go into effect until the agency updates its rules.
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Taxes July 23, 2025
The IRS recently announced tax relief for individuals and businesses located in the city of St. Louis and St. Louis and Scott counties in Missouri after an EF3 tornado caused widespread destruction on May 16.