IRS Urges Early Prep for 2025 Tax Season Amid Major Changes
The IRS is advising taxpayers to prepare early for the 2025 filing season due to new tax laws and the phase-out of paper refund checks.
#IRS#Taxes#Tax Refund
#IRS
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IRS Issues Guidance on New Tip and Overtime Tax Rules
The IRS has released guidance on new "no tax on tips" and "no tax on overtime" provisions from the One Big Beautiful Bill Act, effective for the 2025 tax year. Millions of workers can deduct up to $25
#IRS#Tax Deductions#Tipped Income
IRS Details New Tax Deductions for Tips and Overtime Pay
The IRS has introduced new tax deductions for millions of workers, allowing up to $25,000 in tips and $12,500 in overtime premiums to be deducted starting in 2025.
#IRS#Tax Deductions#Personal Finance
IRS Boosts Roth IRA Contribution Limits for 2026
The IRS has increased the 2026 Roth IRA contribution limit to $7,500 and raised the income eligibility thresholds for savers, reflecting inflation adjustments.
#Roth IRA#IRS#Retirement Planning
Furloughed IRS Attorney Finds New Calling With D.C. Hot Dog Cart
An IRS tax attorney, furloughed by the government shutdown, has launched a popular Washington, D.C. hot dog cart, turning a childhood dream into a new venture.
#Government Shutdown#Small Business#IRS
Social Security Lump Sum: A Key Tax Rule You Must Know
Receiving a large Social Security back payment can trigger a major tax bill. Learn about a crucial IRS rule that could save you thousands by letting you reallocate the income to prior years.
#Social Security#Taxes#Retirement Planning
Time is Running Out to Claim This 30% Home Energy Tax Credit
U.S. homeowners have until December 31, 2025, to claim a 30% federal tax credit for energy-efficient home upgrades, with annual limits up to $2,000.
#Tax Credit#Home Improvement#Personal Finance
New Law Aims to Simplify Confusing IRS Tax Notices
A new bipartisan bill heading to the President's desk will require the IRS to make its 'math error' tax notices clearer and easier for taxpayers to resolve.
#IRS#Taxes#US Politics
IRS Announces New 2026 Tax Brackets and Deductions
The IRS has adjusted 2026 tax brackets and standard deductions for inflation, a move that could lower tax bills for many Americans when they file in 2027.
#Taxes#IRS#Personal Finance
IRS Announces 2026 Income Tax Brackets to Adjust for Inflation
The IRS has officially released the updated federal income tax brackets for the 2026 tax year, adjusting income thresholds to account for recent inflation.
#IRS#Income Tax#Tax Brackets
IRS Announces 2026 Income Tax Brackets and Standard Deductions
The IRS has officially released the inflation-adjusted federal income tax brackets and standard deduction amounts for the 2026 tax year.
#IRS#Tax Brackets#Personal Finance
IRS Reverts 1099-K Reporting to $20,000 Threshold for 2025
The IRS has reverted the Form 1099-K reporting threshold to $20,000 and 200 transactions for the 2025 tax year, reversing a plan to lower the limit.
#IRS#Tax Policy#1099-K