Tax law changes and IRS layoffs may delay 2025 tax refunds. However, taxpayers who file electronically and accurately will not likely face issues or delays.
Most people won’t owe gift tax in 2025 or 2026. Learn the annual limits, lifetime exemption, when Form 709 is required, and how to give tax-free.
The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.
The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.
Curious about what that IRS transcript code means? Or did you get an error code on WMR? One of the biggest questions we see during tax season are what the various reference codes mean on the IRS ...
When a document comes in the mail that you need for taxes, don't put it in a pile and lose track of it. Put it aside in a safe place and keep all your tax documents together. If you have multiple ...
Don't let tax season catch you off guard. We break down the key differences on a W-2 and 1099 forms that directly impact your tax refund.
January kicks off tax-filing season as the IRS 2026 tax season opens. Here's what to know about the new federal income tax brackets and when the IRS will start accepting your 2025 tax returns. The IRS ...
Newborns can look forward to the promised Trump accounts in the new year, but if parents, grandparents, friends or relatives plan to contribute, they can look forward to a tax headache, experts said.
The IRS will open the 2026 tax season in a few days, but you'll need your W-2 to begin the personal income tax-filing process. The IRS received more than 11 million tax returns by the end of January ...
New 2026 federal income tax brackets and standard deduction amounts have been released by the Internal Revenue Service — and the changes may affect how much Americans owe when they file in 2027. The ...