Taxes October 21, 2025
The One Big Beautiful Bill Act created Internal Revenue Code sections 224 and 225, which temporarily allow a deduction for taxpayers for qualified tips and qualified overtime compensation.
Payroll September 18, 2025
Under the One Big Beautiful Bill Act (OBBBA), employees can deduct overtime pay in certain situations—no questions asked.
Taxes August 15, 2025
For the next few years, the new One Big Beautiful Bill Act (OBBBA) lifts the cap on annual SALT deductions from $10,000 to $40,000, paving the way for more itemizers to claim this write-off.
Taxes July 30, 2025
The One Big Beautiful Bill Act raises the 1099-MISC and 1099-NEC reporting thresholds to $2,000.
Taxes July 4, 2025
President Donald Trump held an outdoor signing ceremony at the White House on Friday, formally enacting a major tax and spending bill that passed through the Senate and House earlier in the week.
Taxes February 21, 2025
This article includes an easy reference chart that taxpayers can use to estimate how soon they may get their income tax refund.
Taxes February 16, 2025
Updated Feb. 16, 2025. Tax season has just begun, but it may be about to get more difficult for taxpayers and tax preparers such as CPAs and accountants. The move could also delay income tax refunds. The IRS started accepting income tax returns on January 27, 2025, which means tax filing season is officially upon...…