Taxes March 24, 2026
28% of Fortune 1000 Now Active in Clean Energy Tax Credit Market
Total tax credit monetization reached $63 billion in 2025, a 27% year-over-year increase.
Taxes September 23, 2025
Paperwork Pitfalls Put Some EV Owners’ $7,500 Tax Credit in Limbo
The IRS has issued instructions for dealerships to file paperwork that’s required so electric vehicle buyers don’t miss out on the tax credit, which expires Sept. 30.
Taxes September 22, 2025
Milwaukee Residents Receive Tax Relief From IRS After Flash Floods
Residents and business owners in three Wisconsin counties—Milwaukee, Washington, and Waukesha—now have until Feb. 2, 2026, to file various federal tax returns and make tax payments after flash floods swept through southeast Wisconsin in August.
Taxes September 22, 2025
What Happens if There’s a Federal Government Shutdown?
Congress is staring down a Sept. 30 deadline to extend federal funding and avoid a government shutdown after competing proposals from Republicans and Democrats were blocked Friday in the Senate.
Taxes September 19, 2025
IRS, Treasury Release Guidance on ‘No Tax on Tips’ Deduction, Which Occupations Qualify
The Treasury Department and the IRS issued proposed regulations on Sept. 19 that confirm the occupations eligible for the deduction, which excludes any tips received for "illegal activity" and "pornographic activity."
Payroll September 18, 2025
Tax Changes to Overtime Pay Under the One Big Beautiful Bill Tax Act – OBBBA Tax Law Changes
Under the One Big Beautiful Bill Act (OBBBA), employees can deduct overtime pay in certain situations—no questions asked.
Taxes September 15, 2025
IRS Releases Final Regs on Roth Catch-Up Contributions
The regulations include final rules related to a SECURE 2.0 Act provision requiring that catch-up contributions made by certain higher-income participants be designated as after-tax Roth contributions, the IRS said.
Taxes September 15, 2025
IRS Provides Glimpse of Schedule 1-A Form for New OBBBA Tax Deductions
Schedule 1-A, "Additional Deductions," for Form 1040 will be used during the 2026 tax season to calculate new deductions for tips, overtime, car loan interest, and senior citizens.
Taxes September 15, 2025
Podcasters and OnlyFans Creators Stand to Win Big Under Trump’s Tax Law
More than a quarter of large U.S.-based influencers—those with at least 100,000 followers—reported earning tips, according to a 2024 study by the Creative Class Group.
Taxes September 11, 2025
New Law Complicates Charitable Gift-Giving – OBBBA Tax Law Changes
For the first time in history, the new law creates a “floor” for deducting charitable donations deductions. At the same time, it opens up deductions to non-itemizers as well as itemizers.
Taxes September 11, 2025
Teacher Tax Credit Changes Under 2025 Trump Tax Law – OBBBA
The deduction isn’t just for teachers (although they are the most common benefactors). It may also be claimed by someone who works as an instructor, counselor, principal, or aide for students in K-12.
Taxes September 9, 2025
IRS Has Doled Out $162M in Penalties to Taxpayers Over False Tax Credit Claims Linked to Bad Social Media Advice
Thousands of taxpayers have filed inaccurate or frivolous returns that falsely claim the Fuel Tax Credit and the Sick and Family Leave Credit, often resulting in the denial of refunds and steep penalties, the IRS said Sept. 8.
Payroll September 9, 2025
What is the IRS Rule of 55 and How Does it Work?
The rule of 55 can benefit workers who have an employer-sponsored retirement account and are looking to retire early or need access to the funds if they’ve lost their job near the end of their career.