Federal Tax Credits for Contributions to Scholarship Granting Organizations
The Internal Revenue Service announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, which enables […]
Is Your Business a Business or a Hobby?
Many people have hobbies – things they enjoy doing in their spare time – and some even make a little extra money […]
Tax Tip: Check Your Withholding
Even though the tax filing deadline for tax year 2025 passed a couple weeks ago, it’s not too early to start planning […]
Help! I Missed the Filing Deadline!
If you missed the April 15 filing deadline, you should submit your federal tax return as soon as possible. If you missed […]
Tipped Workers Final Regulations
The Department of the Treasury and the Internal Revenue Service has issued final regulations on the “No Tax on Tips” provision. The […]
Proposed Regulations Issued for “Trump Accounts”
The Department of the Treasury and the IRS have issued proposed regulations providing general requirements for Trump Accounts, certain definitions relating to […]
New Schedule Published for OBBB Provisions
The Internal Revenue Service published, for tax year 2025, a new schedule that you can use to take advantage of some tax […]
Tax Updates and Resources for Seniors
There are some changes for the 2026 tax filing season that people who are 65 years of age and older should be […]
New and Enhanced Deductions for Individuals
There are several new tax deductions that have been introduced for the 2026 filing season. A deduction is an amount subtracted from […]
How to Take Advantage of No Tax on Tips and Overtime
The One, Big, Beautiful Bill (OBBB) has a significant effect on federal taxes, credits and deductions. Millions of taxpayers reported earning tips […]