Effective for the 2025 tax year (and set to expire after 2028), the recent “One Big Beautiful Bill Act” (“OBBBA”) enacted a new $6,000 deduction for seniors aged 65 or older. This is in addition to the existing standard deduction and the extra standard deduction available to individuals in this age group. For married couples filing jointly where both spouses are 65 or older, the deduction doubles to $12,000.
Federal agents previously investigated the Southern Poverty Law Center’s paid informant program for possible tax…
A Rocky Mount tax preparer has been sentenced to two years in federal prison for…
Victims of identity theft face “unconscionable” delays at the Internal Revenue Service, a dynamic causing…
The Supreme Court declined to hear Murrin v. Commissioner, leaving a Third Circuit ruling in place that…
The IRS has released the 2027 contribution limits for health savings accounts, or HSAs, which offer triple-tax benefits for…
South Florida teacher Michelle Del Buono says she spent years saving for retirement. Now, she’s fighting…
The impact of a federal court’s ruling over the weekend that vacated IRS guidance for wind and…
Georgia’s two U.S. senators and a metro Atlanta congressman are calling on federal officials to…
