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 (OBBBA). Read more
The IRS is reminding taxpayers that if their 2025 tax return claims either the Earned…
Americans are expecting hundreds of billions in tax refunds this year, with the average refund…
The IRS said in a statement that it will continue operations under the current lapse…
The Internal Revenue Service is asking seasoned employees without any direct tax experience to perform…
The Internal Revenue Service (IRS) deadline for filing certain tax forms—January 31, 2026—has now passed,…
The tax cut isn’t coming from the federal government, but a handful of states. Eight…
The “One Big Beautiful Bill” act will go into effect for the 2026 filing season,…
Tax Day is coming. And if you work best against a deadline, here are several…
