The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely ...

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

Note: Now that the No Tax on Tips measure has been signed into law, the new tax deduction for cash tips takes effect for the ...

Many retirees are surprised to learn that their Social Security benefits can be subject to federal income tax. The IRS ...

Navigating annual tax changes can feel complex sometimes. Understanding them is crucial for informed financial choices to be ...

The Internal Revenue Service has released the federal income tax brackets for 2025. A key point for taxpayers is that the ...

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax ...

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

Each year, millions of U.S. taxpayers submit corrections to their federal tax returns through the Form 1040-X, often to amend ...

A $30,000 mistake. When paying the IRS, a California taxpayer wrote the correct amount of $3,360 on the numerical value box ...

Congressional report warns IRS budget cuts may slow refunds, reduce enforcement, and strain services in the 2026 tax season.