IRS to Stop Issuing Paper Tax Refund Checks This Year
The IRS will stop issuing paper checks for tax refunds starting September 30, shifting to electronic payments to improve security and speed up delivery.
#IRS#Tax Refund#Personal Finance
#US Tax Policy
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Treasury Details Rules for New $25,000 Tip Tax Deduction
The U.S. Treasury has proposed new rules for a federal tax deduction allowing workers to deduct up to $25,000 in tip income annually from 2025 to 2028.
#US Tax Policy#IRS#Tax Deduction
Treasury Clarifies Rules for New 'No Tax On Tips' Deduction
The U.S. Treasury has issued new guidance specifying which of the 68 occupations qualify for the 'No Tax On Tips' deduction and the rules for claiming it.
#US Tax Policy#Labor Economics#Personal Finance