The Internal Revenue Service (IRS) deadline for filing certain tax forms—January 31, 2026—has now passed, and penalties may apply for filings that are either late, incorrect, or not sent to recipients on time. Read More
The tax cut isn’t coming from the federal government, but a handful of states. Eight states, including Kentucky, lowered their income tax rate, effective Jan. 1, according to the nonprofit thinktank Tax Foundation. Read more
The “One Big Beautiful Bill” act will go into effect for the 2026 filing season, bringing major tax changes and in some cases bigger deductions. Read more
Tax Day is coming. And if you work best against a deadline, here are several to jot down on your calendar. Read more
Taxpayers who buy a new car assembled in the U.S. may be able to deduct up to $10,000 on their tax returns beginning in 2025. The IRS has now issued additional guidance in the form of Proposed Regulations to help taxpayers understand the new car loan interest deduction under the One Big Beautiful Bill Act…
For some people, tax refunds could turn out to be much fatter in 2026 than they’d expect after dramatic changes in key tax rules hit 2025 federal income tax returns. Read more
Sources say nine U.S. states are lowering income taxes on Jan. 1, according to a recent Tax Foundation analysis — a move that could give some taxpayers additional financial breathing room as they head into the new year. Read more
Economist Don Schneider is also predicting a large tax refund for Americans in 2026. Read More
Americans who are receiving a year-end bonus for a job well done may be sorely disappointed when they open their envelope to find a big chunk missing. Read more
Ask your employer how much you earned in overtime this year. It may impact your tax bill in April. Read more
