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.
Taxes December 19, 2024
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.
Taxes December 18, 2024
While many workers hoped for tax-free tips, experts warn the proposal could disproportionately benefit higher earners and exacerbate inequalities in the service industry.
Payroll December 18, 2024
The average U.S. household spends more than $70,000 on housing, meals, transportation, health care and more. How does your household compare?
Taxes December 16, 2024
Whether the provisions in the Tax Cuts and Jobs Act are extended, modified, or left to expire, the decisions made in the coming years will shape the tax landscape for a generation.
Taxes December 16, 2024
While measures up for renewal that largely benefit individuals and households are an easy sell to voters, economists caution on the scale of economic dividend they generate. The bigger spur for investment, they say, would be cuts for corporations.
Taxes December 12, 2024
The update given by the IRS on Dec. 12 comes as the threat of additional budget cuts from Republicans and a potential new leader of the agency loom once Donald Trump takes office next month and both chambers of Congress are controlled by the GOP.
Taxes December 10, 2024
The agency awarded grants to 41 Tax Counseling for the Elderly and 315 Volunteer Income Tax Assistance applicants.
Taxes December 7, 2024
Corvee, the makers of one of the most advanced tax planning and strategy platforms in the U.S., has announced it will soon launch a new professional tax preparation system.
Taxes December 6, 2024
IRS-CI initiated more than 2,667 criminal investigations, obtained 1,571 convictions, and reclaimed its 90% conviction rate in FY24.
Taxes December 3, 2024
Republicans and Democrats alike are eager to boost the child tax credit, but they've had trouble agreeing on the details.
Taxes December 3, 2024
The IRS Tax Withholding Estimator can help taxpayers make sure the correct amount of tax is withheld from their paychecks.
Taxes December 3, 2024
Jessica Crawford of Athens, GA, is facing up to 30 years in prison after pleading guilty to fraudulently filing tax returns on behalf of clients.