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.
While the contract provision on telework and remote work sometimes allows the IRS to temporarily pause arrangements in…
Spain’s victory over Argentina in the 2026 FIFA World Cup final not only secured the…
There has been an uptick in the number of tax liens filed by the Internal Revenue Service…
Citing the increase in the cost of fuel, the IRS has set a higher optional…
A recent federal tax law change is prompting some fairs, livestock auctions, and Extension programs…
The last thing you probably want to think about right now is your tax return….
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…
