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.
IRS investigator Brian J. Visalli has filed a lawsuit against the agency, claiming the IRS…
f you filed for an extension with the IRS back in April, your deadline to…
Companies that are not tracking 2026 research activity by project during the year will need…
Treasury Secretary Scott Bessent has quietly resolved a yearslong tax dispute with the IRS tied…
Four years ago, a $20,000 check from the IRS arrived in Wilson Perry Kirby’s mailbox….
Trusts are a common estate planning tool, and with trillions of dollars expected to change…
The Internal Revenue Service has returned $133,000 it wrongfully seized from a South Florida teacher….
Farmers and ranchers affected by drought across the country- 49 states, the District of Columbia…
