Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

A group of Democrats in both chambers, led by Sen. Elizabeth Warren of Massachusetts and Rep. Donald S. Beyer Jr. of Virginia ...

Congress enacted a rule to change the 1099-K threshold for your 2025 taxes, meaning you should only receive a Form 1099-K if you receive more than $20,000 in gross payments on third-party networks or ...

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...

The analysis was prepared by Black Ink Tax & Accounting's compliance and reporting team and is based on the final statutory language now in effect. The firm issued the report in response to increased ...

Gov. Jared Polis asked the federal government to reconsider its decision to halt IRS Direct File in a letter sent Wednesday ...

Starting in 2026, workers relying on tips and overtime can benefit from new IRS deductions, potentially saving thousands. The ...

Pension Deductions has designed an online calculator that allows professionals to estimate their potential contributions to a cash balance plan in seconds.

The final rules also refine how companies calculate their annual buyback base using netting. Netting allows issuers to offset repurchases with qualifying stock issuances in the same tax year. The IRS ...

Military personnel and other taxpayers serving or living outside the U.S. have until June 15 to file their 2025 tax returns.

Plus: Holiday parties, booze on the beltway, a proposal to end dual citizenships, Affordable Care Act subsidies, Trump ...

If you experience a wash sale, the capital loss disallowed by the IRS is included in the cost basis of the replacement stock.