Underlying state budget and tax decisions this year was an undercurrent of uncertainty regarding the impact of federal legislation. Federal policy choices on tariffs, taxes and spending cuts will be deeply felt by the states, which will have less money available to fund key priorities. Read more
Are you waiting on a fourth stimulus check in 2025 or some other inflation rebate or tax refund? Here’s what to know about tracking, eligibility and update on their status. Read more
When it comes to tax planning, timing can be everything, especially with major changes on the horizon. President Donald Trump’s recent signing of the “One Big Beautiful Bill” (OBBB) into law will usher in sweeping updates to the U.S. tax code starting in 2025 and 2026. Read More
The IRS has provided updated guidance on federal tax withholding and reporting obligations for uncashed retirement plan distribution checks and any subsequent reissued payments. Read More
If you’ve mailed a check to the IRS and are still waiting for it to clear, you’re not alone—and you’re not forgotten (probably). In yet another twist in the saga of government efficiency, the IRS has found itself behind on processing payments. Again. Read more
Assessing the new over-65 deduction and its implications for Social Security taxation, as well as new rules for charitable giving and the SALT deduction. Read more
The IRS is continuing its processing of tax refund payments for eligible individuals who filed their 2024 returns. Those expecting a refund should check their eligibility for direct deposits, especially as the IRS finalizes payments in early July. With an average refund of $2,939, taxpayers are seeing slightly higher returns compared to 2024, reflecting a…
Some may owe taxes by breaking even or losing by gambling. SEE VIDEO
The IRS has acknowledged delays in processing some 2025 electronic tax payments, leading to confusion for taxpayers who received unexpected balance-due notices. At the same time, a major transition is underway to eliminate paper checks from all federal payments starting this fall. Read More
Summer has arrived, and states are beginning to implement policy changes that were enacted during this year’s legislative session (or that have delayed effective dates or are being phased in over time). Generally, most state individual and corporate income tax changes take effect on January 1, the beginning of the calendar year, for consistency through the tax year. However, some…
