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.
Tax Planning October 28, 2026
How to Unlock Mortgage Interest Deductions for Home Improvements
Despite these crackdowns, you still may be able to deduct mortgage interest paid on a home equity loan or line of credit.
Tax Planning October 20, 2026
Bonus, Section 179 and the State Return: Why a Federal-Only Answer is Wrong in Both New York and New Jersey
A client buys a heavy SUV before Dec. 31. The federal deduction looks great, and the New York or New Jersey return is prepared as if the state follows federal. Neither state does, and they depart from federal in opposite ways.
Taxes October 19, 2026
Donating to Charity? Your Generosity Could Pay Off at Tax Time This Year
Starting with the 2026 tax year, taxpayers who take the standard deduction can also claim a new deduction for qualifying charitable cash contributions.
Taxes October 8, 2026
A Tax Break for Early Childhood Educators: Why This Policy Change Matters
The bipartisan Early-Childhood Educators’ Deductions (SEED) Act, signed into law on Sept. 19, expands the federal educator expense deduction to include pre-K and early childhood educators.
IRS September 24, 2026
IRS Publishes Per Diem Rates for Business Travelers for 2026-2027
Each year the IRS announces special per diem rates taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home.
Legislation September 24, 2026
Bill to Reverse Change Made to Gambling Tax Code Advances in House
Legislation that would restore the full federal tax deduction for gambling losses is back on track as it passed out of committee and now awaits a House vote.
Legislation September 23, 2026
House Passes Bill That Gives Tax Relief to Fraud Victims
Americans would be able to deduct money lost to fraud and scams from their federal taxes under a bill by U.S. Rep. Max Miller (R-OH) that passed last week in the House of Representatives.
Taxes August 19, 2026
IRS Posts Updated Fact Sheet on Business Interest Expense Deduction Limit
The IRS said Aug. 19 that it has updated frequently asked questions about the limitation on the deduction for business interest expense.
Taxes August 12, 2026
Wyden’s Wildfire Tax Relief Bill Passes Just Before Congress Recesses
A bill backed by Oregon Sen. Ron Wyden to relieve natural disaster survivors from paying federal income taxes on their recovery settlements passed against unexpected odds.
Taxes August 11, 2026
Tax Tips to Know Before Donating a Car to Charity
To qualify for a deduction, the charity must provide you with a written substantiation of a donation valued above $500.
Taxes August 7, 2026
IRS Updates FAQs on OBBBA Overtime Tax Deduction
The IRS updated frequently asked questions about the new deduction for qualified overtime compensation, one of the many One Big Beautiful Bill Act tax provisions touted by the Trump administration.