IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
Taxes November 18, 2024
Musk Throws Support to Lutnick Over Bessent in Treasury Secretary Race
The billionaire is backing Howard Lutnick in the race to be Donald Trump's next Treasury secretary instead of Scott Bessent.
Taxes November 17, 2024
Eligible IRA Owners Can Deduct Up to $105,000 in Charitable Donations For TY 2024
IRA owners age 70½ and older can make up to $105,000 in tax-free charitable donations during 2024 through qualified charitable distributions. That’s up from $100,000 in past years.
Taxes November 15, 2024
Tax Experts Receive Awards from AICPA
James W. Sansone, CPA, was presented with the Arthur J. Dixon Memorial Award and Annette Nellen, CPA, CGMA, Esq., received the Jonathan Horn Distinguished Service Award.
Taxes November 15, 2024
Republican Election Sweep Emboldens Trump’s Tax Cut Dreams
The incoming Republican majorities in the House and Senate mean Trump can enact a tax bill without making concessions to Democrats.
Accounting November 14, 2024
Avalara Shines Spotlight on Customer Experience with Intuitive AI and Other Innovations
Avalara emphasized AI-infused product innovation and features at its annual CRUSH conference.
State and Local Taxes November 14, 2024
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
U.S. Rep. Pat Ryan (D-NY) urged the president-elect in a letter to support restoring the state and local tax deduction.
Taxes November 14, 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
Aldermen voted 50 to 0 in a rare unanimous roll call vote to discard the tax hike in a special meeting that lasted just minutes.
Taxes November 14, 2024
Some Enrolled Agents Have Until Jan. 31 to Renew Their Status, IRS Says
EAs with a Social Security number ending in 0, 1, 2, or 3 must renew their status before their current enrollment expires March 31, 2025.
Technology November 13, 2024
Taxbit Unveils New Global Tax Reporting Platform
Taxbit's global tax reporting platform was built for enterprises managing complex tax reporting for digital products.
Technology November 13, 2024
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
April introduced AprilPro, an AI-powered solution to meet the evolving needs of taxpayers who have intricate tax situations.
Technology November 13, 2024
Sovos Introduces 1099 Professional For SMBs
1099 Professional offers SMBs an intuitive solution for the preparation, e-filing, and print and mailing of 1099 and 1042-S forms.
Taxes November 13, 2024
Lower Taxes, Higher Tariffs: What Trump’s Tax Plans Mean For You
What does his tax proposals mean for you? Taxpayers should continue to monitor developments and prepare for tax law changes.