Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
Taxes September 4, 2024
New England Patriots Defensive Linemen Sack Massachusetts Millionaires Tax
Davon Godchaux and Keion White spoke about financial freedom and literacy recently on Godchaux’s “ChauxTalk” podcast.
Taxes September 3, 2024
Both Trump and Harris Want to End the Taxing of Tips—But Is It a Good Idea?
While the political logic behind the candidates' plans is compelling, the plan to end taxes on tips is panned by tax experts.
Accounting August 30, 2024
Accountant Pleads Guilty to Filing False Tax Returns in Connecticut
Mark Legowski admitted to filing fraudulent tax returns for multiple years after failing to report $1.4 million in income.
Taxes August 27, 2024
Taxbit Rolls Out 1099-DA Support
Taxbit's scalable platform is designed to adapt to the evolving complexities of digital asset reporting, the company said Aug. 27.
State and Local Taxes August 27, 2024
Why Bill Belichick Thinks ‘Taxachusetts’ Deters Free Agents From Joining Patriots
The ex-New England Patriots coach says Massachusetts' additional 4% surtax on taxable income over $1 million hinders the team.
Taxes August 27, 2024
Opinion: Trump and Harris Proposals Would Make Our Tipping Culture Worse
Plans to exempt tips from federal income taxes would be bad news for customers—and perhaps even for tipped workers themselves.
Taxes August 26, 2024
U.S. Taxpayers in Puerto Rico Get Relief Due to Tropical Storm Ernesto
These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA).
Taxes August 23, 2024
New Jersey Drivers Could Write Off Their E-ZPass Tolls if Bill is Passed
If approved and signed in to law, New Jersey would extend a benefit to taxpayers that few states have and the IRS doesn’t allow.
Taxes August 22, 2024
IRS Highlights New Payment Options Within Business Tax Account Tool
Business tax account was launched last October as part of the agency's service improvement initiative under the Inflation Reduction Act.
Taxes August 22, 2024
Study: Charitable Giving Dropped By $20 Billion in First Year of TCJA
The researchers say that charitable giving fell in 2018 because of the law's change to the standard deduction for income taxes.
Taxes August 22, 2024
Interest Rates to Stay Unchanged for Q4 of 2024, IRS Says
Starting on Oct. 1, the rate for tax overpayments and underpayments for individuals will be 8% per year, compounded daily.
Taxes August 21, 2024
New Tax Industry Task Force Aims to Crack Down on Scams
The Coalition Against Scam and Scheme Threats is comprised of the IRS, state tax agencies, tax software firms, associations, and others.