States must now decide whether to participate, with their decisions determining the federal credit’s availability to ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

Plus: Claiming pets–and people–as dependents, Health Savings Accounts, charitable giving and tax deductions, tax filing ...

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

Major tax bracket and deduction changes are coming in 2026, making it essential for taxpayers to understand the new rules and adjust their planning to maximize savings.

White House Press Secretary Karoline Leavitt told reporters that the upcoming tax refund season is "projected to be the ...

Updated taxpayer protections change what the IRS must explain on error notices and how long you have to respond.

When 2025 draws to a close, so will many of the sweeping Trump-era GOP tax breaks established by the Tax Cuts and Jobs Act (TCJA) of 2017. While the legislation made some tax cuts to corporate profit ...

Trust Powered by Pennington Law reports alternatives to avoid capital gains tax without a 1031 exchange, highlighting options ...

Forty-five states have sales tax, which means five do not — good news if you're looking to cut down on how much you pay in ...

Louisiana Revenue Secretary Jarrod Coniglio said the changes are part of an ongoing efficiency initiative to lower costs.