Lexington Herald-Leader on MSN

New IRS Rules Detail 2025 Deductions

The IRS issued guidance on new deductions in the One Big Beautiful Bill Act for tipped and overtime pay for the 2025 tax year ...
A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
Getting advice from a good tax pro is worth it. They can help you squeeze the most out of your LLC tax benefits and keep you ...
Buffalo Business First Publisher John Tebeau sat down with four Western New York financial minds to get a read on how to wrap-up the year and anticipate what is to come in 2026.
Examines the U.S. Tax Court case involving microcaptive in Patel v. CIR, 165 T.C. 10 (Nov. 12, 2025) where the 40% penalties were assessed.
While many people give because they want to do good, the tax rules around philanthropy have always been an added sweetener.