Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

The OBBBA brings significant changes to the treatment of R&E expenditures and business interest deductions, benefitting ecommerce businesses. Proper documentation and expert CPA guidance are key to ...

Some new rules concerning the deductibility of charitable contributions were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act. The changes introduce incentives ...

It’s nearly the end of the year, the traditional time for giving but before opening your wallet, you should know how tax rules are changing so you can maximize your gifts. Itemizers should hit fast ...

The Internal Revenue Service has announced updated standard deduction amounts for the 2026 tax year, including a modest, yet meaningful, increase for Americans age 65 and older. The change, which ...

There's a new tax break for seniors, but it doesn't exactly eliminate Social Security benefit taxes. President Donald Trump pledged in his campaign to eliminate taxes on Social Security benefits, but ...

The Internal Revenue Service has announced new tax inflation rates, standard deductions and new federal income tax brackets for 2026 — and the adjustments may surprise you. While the tax rate ...

The IRS has released the new income limits for federal income tax brackets for the tax year 2026. The brackets you fall into determine how much you owe at tax time. For 2025 returns, which will be ...

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The IRS recently released drafts of ...

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The new forms show how new laws, ...

Until enactment of the One Big Beautiful Bill Act, officially P.L. 119-21, the availability of a below-the-line deduction that was not the standard deduction or an itemized deduction was a rare event.