The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay ...

An IRS fact sheet explains when overtime compensation qualifies for the H.R. 1 deduction and how Fair Labor Standards Act ...

The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...

The OBBBA reclassified bronze and catastrophic Exchange plans as qualifying HDHPs, allowing them to be paired with a health savings account (HSA). The Notice expressly confirms that enrollment in an ...

For some people, tax refunds could turn out to be much bigger in 2026 than expected after dramatic changes in key tax rules hit 2025 federal income tax returns. But the upcoming tax season likely will ...

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

The IRS and U.S. Treasury just rolled out official guidance on a brand-new tax deduction that could save car buyers up to $10,000 in 2026. The guidance applies to the recently approved “No Tax on Car ...

The One Big Beautiful Bill Act, enacted on July 4, 2025, created “Trump accounts” via a new Internal Revenue Code Section 530A. These new tax-advantaged savings accounts are broadly modeled after ...

The Internal Revenue Service is changing the way it issues tax refunds. The change, prompted by an Executive Order mandating a shift away from paper checks, will require some pre-work for people who ...

For many Americans, taxes are a once-a-year chore, but the IRS is sending a clear message ahead of filing season: don’t wait. “It’s not too early to get ready for the 2026 tax season,” the agency ...

Tax1099, a leading IRS-authorized e-filing platform, reminds businesses to prepare and file Form 941 before the due date to ensure compliance and avoid costly IRS penalties. FAYETTEVILLE, AR AND ...

The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 for individuals. The IRS published a draft of the 2025 version of Form 8880, ...