Taxes September 2, 2025
According to the IRS, about 10,000 employers hadn't paid their deferral as of May 2025, and the tax agency had yet to manually adjust their account which would subject the unpaid amounts to standard collection processes, TIGTA said.
Taxes July 17, 2025
The IRS released a fact sheet earlier this week describing new tax provisions—no tax on tips, no tax on overtime, no tax on car loan interest, and a deduction for seniors—in the One Big Beautiful Bill Act.
Special Section: Guide to 2025 Tax Changes July 11, 2025
In the wake of the sweeping One Big Beautiful Bill Act (OBBBA), signed into law just one week prior, accounting professionals are scrambling to understand and apply a raft of new federal tax provisions.
Taxes July 8, 2025
After the bill was signed by President Trump, millions of Americans received notice from the Social Security Administration saying they no longer will have to pay taxes on Social Security benefits. The problem is, that’s not entirely accurate.
Taxes May 19, 2025
House Republicans have included a proposal in their tax bill to provide a $4,000 federal income tax deduction for lower- and middle-income seniors 65 and over.
Taxes March 26, 2025
The Senate Finance Committee on Tuesday advanced Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services by a vote of 14-13, splitting along party lines.
Taxes March 14, 2025
President Trump's pick to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, is set to have his confirmation hearing before senators on Friday, a day after reports surfaced that he may have “significantly” underpaid Social Security and Medicare taxes in recent years.