One of the most debated provisions in the One Big Beautiful Bill is set to change how gambling losses are treated for tax purposes beginning in 2026. Under the new rule, taxpayers […]
The One Big Beautiful Bill has introduced a major win for many U.S. workers, beginning in 2025, certain tips and overtime pay can be deducted from your federal taxable income. This change, […]
Big news for taxpayers: Several major provisions from the 2017 Tax Cuts and Jobs Act (TCJA) have just been made permanent, thanks to the recently signed Big Beautiful Bill. These changes impact […]
President Trump’s “Big Beautiful” Bill is officially law, signed on July 4th. But despite the fanfare, most Americans won’t feel the effects immediately. While a few provisions are already in effect, many […]
Hey, taxpayers! Big news from the IRS! If you missed claiming the Recovery Rebate Credit on your 2021 tax return, you could be getting money sent your way; automatically! Here’s what you […]
Nobody enjoys paying taxes, and let’s face it; most people aren’t exactly fond of the IRS either. But we’ve always heard that the only certainties in life are death and taxes. So, […]
The IRS is stepping into the future—and AI is leading the charge. But as artificial intelligence becomes a bigger part of tax enforcement, the big question is: Is this a win for […]
The IRS has officially announced the start date for the 2025 tax season! Mark your calendars and get ready because you can begin filing your tax returns starting January 27, 2025. This […]
In response to the devastating wildfires that have swept through Los Angeles County, California is offering tax relief measures to affected residents and businesses. Governor Gavin Newsom announced that the California Franchise […]
The IRS is taking steps to help taxpayers by sending automatic payments to individuals who missed claiming the Recovery Rebate Credit on their 2021 tax returns. Here’s what you need to know: […]
Today, we’re talking about something that’s on everyone’s mind—how the concerns of investors are shaping our economy and banking in 2024. If you’ve been keeping an eye on the markets or just […]
What are some tax policy questions that the 2024 presidential candidates should address? For starters, child deductions. Will they increase or stay the same? We’ve seen recently that JD Vance, Republican candidate […]
