The change does not go as far as gamblers wanted, but it does provide much needed relief to a major pain point.

For 2025, married couples over 65 filing jointly will also see a modest benefit. The extra deduction per qualifying spouse ...

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 ...

The change does not go as far as gamblers wanted, but it does provide much needed relief to a major pain point.

The Treasury Department will implement President Donald Trump's tax reform law, which provides deductions for workers' tipped income and overtime pay in the One Big Beautiful Bill Act.

The Tax Law Center at New York University Law has recommended repealing or amending the qualified small business stock provisions of the tax code—known as section 1202—to prohibit this gifting of ...

But newly proposed legislation would make some future sales even more lucrative. The No Tax on Home Sales Act, introduced in ...

The U.S. Senate has passed the Filing Relief for Natural Disasters Act, a bipartisan bill sponsored by Sens. John Kennedy, ...

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

IRS’ updated process for FAQs on new tax legislation. IR-2021-202. IR-2021-202 is a press release that announces changes to the IRS “process for certain [FAQs] on newly enacted tax legislation.” ...

You may have heard incoming President Donald Trump nominated former Missouri Congressman Billy Long as IRS Commissioner. For many reasons, the move has sparked debate about the future of tax ...