New IRS Guidance: How to Deduct Car Loan Interest in ...
The Treasury Department and the IRS have released official guidance regarding the “No Tax on Car Loan Interest” […]
IRS News
IRS Updates Guidance on Business Interest Expense Deductions (Section 163(j))
The Internal Revenue Service has released updated frequently asked questions (FAQs) in Fact Sheet 2025-09, outlining significant changes […]
IRS Announces 2026 Standard Mileage Rates: Business Rates Rise, Medical ...
The Internal Revenue Service has released the optional standard mileage rates for 2026. These rates, used to calculate […]
IRS Announces Higher Retirement Contribution Limits for 2026
The Internal Revenue Service (IRS) has announced significant increases in retirement savings limits for the 2026 tax year, […]
New Tax Breaks on Tips and Overtime for 2025: IRS ...
The Department of the Treasury and the Internal Revenue Service (IRS) have issued Notice 2025-69 to clarify new […]
Effective Tax Rates: A Critical Look at a New Study
Despite claims that the wealthy pay lower effective tax rates (ETRs) than other Americans, a new analysis of […]
IRS Form 8832: How to Change Your Business’s Tax Classification
In the world of IRS paperwork, Form 8832 is small but mighty. This two-page form decides how your […]
IRS Watchdog Finds Agency Fired Thousands of Employees Without Following ...
The IRS terminated thousands of probationary employees early this year without following its own performance review policies, a […]
Senior Tax Relief: Comparing a New Deduction to Eliminating Social ...
Washington, D.C. – As the “One, Big, Beautiful” (OBBB) reconciliation bills move through Congress, lawmakers are proposing a […]