Homeowners in particular can benefit from a provision that increases how much in property tax payments they can deduct on ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Diana Shaw of Wiley Rein LLP discusses the reduction in workforce at the IRS as detailed in a report by the Treasury ...

That’s because the government’s definition of taxable income doesn’t track with true economic income, and this disconnect ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

Retirees also have reason to pay attention. The Senate bill includes a larger senior tax deduction — $6,000 per eligible ...

A $30,000 mistake. When paying the IRS, a Bay Area taxpayer wrote the correct amount of $3,360 on the numerical value box on ...

More than one-quarter of the agency’s workers have left in the past three months, raising the likelihood of service gaps and ...

Clear Start Tax Breaks Down Common Filing Mistakes, Hidden Income Triggers, and What Freelancers Can Do to Avoid IRS Trouble ...

A provision that allows bettors to deduct only 90 percent of their losses threatens to drive some professionals to other ...

For 2025, married couples over 65 filing jointly will also see a modest benefit. The extra deduction per qualifying spouse ...

Clear Start Tax clarifies why some states still require Form 1095-A, even though the federal health coverage penalty was ...