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.
A Sewell man admitted in federal court to evading income taxes, failing to pay payroll…
SAINT PAUL, Minn. — A $2.6 million mansion on Cynthia Lake in Scott County was…
Floyd Mayweather faces potential cancellation of planned exhibitions against Mike Zambidis in Greece and Mike…
After months of scrutiny around the Federal Reserve and its leadership, President Donald Trump’s nominee,…
For many taxpayers, April 15 feels like the finish line. For tax practitioners, it marks…
As part of a broader push to modernize payments, the IRS has been phasing out…
Most of the back-office IRS employees who were involuntarily moved to cover frontline filing-season work…
“In one state, voters will get to decide whether to eliminate the income tax. Will…
