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.
Tax Planning March 4, 2026
10 Key Tax Tips for Businesses Filing in 2026
Several One Big Beautiful Bill Act provisions affect taxable income reported on 2025 returns filed in 2026, making a thorough review essential to avoid missed savings or compliance issues.
Tax Planning March 3, 2026
The Solar Tax Credit ‘Gotcha’ Many Homeowners Miss at Filing Time
As tax season ramps up, many homeowners who installed solar panels last year are discovering that qualifying for the federal solar tax credit is not always as straightforward as they expected.
Taxes March 2, 2026
IRS Releases New Form Taxpayers Will Use to Claim Key OBBBA Tax Deductions
The IRS has published Schedule 1-A and its related instructions for tax year 2025 so eligible taxpayers can claim tax breaks on tips, overtime, and auto loans, as well as the enhanced deduction for senior citizens, introduced in the One Big Beautiful Bill Act.
Taxes March 2, 2026
Tax Refunds Are Up Double Digits So Far in 2026, IRS Stats Show
Tax refunds are up by more than 10% so far in 2026 with the average refund worth $351 more when compared to this time last year, according to the latest round of refund statistics revealed by the IRS on Feb. 27.
Taxes March 2, 2026
California Bill Would Exclude Military Retirement Pay From State Taxable Income
A new bipartisan effort is underway in the California Legislature to ensure veterans and survivors won’t have to pay state income tax on retirement pay and survivor benefits.
IRS March 2, 2026
Tax Court Grants Tax Relief for Unknowing Spouse
If a married couple files a joint tax return, they are “in it together” as far as federal income tax liability is concerned. However, as shown in a new case, an “innocent spouse” may be entitled to equitable relief due to special circumstances.
Taxes March 2, 2026
Indiana Adopts No Tax on Tips, Overtime Only for 2026 Tax Year
Eligible Hoosiers whose earnings this year include gratuities or overtime will not be required to pay state or county income tax on the money when they file in 2027.
Small Business March 2, 2026
U.S. Farmers See New Trump Tariffs as Yet Another Round of Instability
Tariffs have battered U.S. agriculture for more than a year, upending trade flows and choking off access to key markets like China.
Taxes February 28, 2026
IRS and Treasury Issue Guidance on New Special Depreciation Allowance for Qualified Production Property
In addition to other requirements, the special depreciation allowance only applies to qualified production property placed in service after July 4, 2025, and before Jan. 1, 2031.
Taxes February 27, 2026
Tax Breaks for Data Centers Are On the Chopping Block in Some States
Rising energy costs and environmental concerns drive states to reconsider tax incentives.
Taxes February 27, 2026
Bipartisan Senate Finance Committee Bill Promises ‘Commonsense Fixes’ to IRS
The 162-page draft bill, called the Taxpayer Assistance and Service Act, bundles a number of already introduced tax administration bills with additional recommendations from the National Taxpayer Advocate.
IRS February 27, 2026
Judge Says IRS ‘Violated the IRC Approximately 42,695 Times’ by Giving Confidential Taxpayer Information to ICE
A federal judge on Thursday said the IRS broke the law by violating the Internal Revenue Code approximately 42,695 times when it shared confidential taxpayer addresses with Immigration and Customs Enforcement.