New Fuel Tax Credit Statement
Excerpted from IRS IR-2025-12
Earlier this year, the Internal Revenue Service and partners in the Coalition of Scam and Scheme Threats […]
How to Access Retirement Funds in a Disaster
As appears in IRS Tax Tip 2025-04
The SECURE 2.0 Act makes it easier for qualified individuals impacted by a federally […]
Saver’s Credit Can Help Low- and Moderate-Income Taxpayers Save More in 2026
As appearing in IRS IR-2024-298
Low- and moderate-income taxpayers can save for retirement now and possibly earn a tax credit in […]
Tax Checklist for Newlyweds
As appearing in IRS Tax Tip 2024-57
Summer is wedding season, and newlyweds can make their tax filing […]
Is Your Side Hustle a Hobby or a Business?
As appearing in IRS Tax Tip 2024-55
Hobbies and businesses are treated differently when it […]
Beware of These Common Tax Scams
As appearing in IRS Tax Tip 2024-42
Taxpayers and tax […]
What Taxpayers Need to Know About Digital Asset Reporting for Tax Purposes
As appearing in IRS Tax Tip 2024-21
Taxpayers filing 2023 tax returns must check a box indicating […]
No Tax on Car Loan Interest Under OBBBA 2025? Not Exactly
Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence interest or home mortgage interest, which can […]
Act Soon: OBBBA 2025 Ends Clean Energy Tax Breaks
The newly enacted One, Big, Beautiful Bill Act (OBBBA) represents a major move by President Trump and congressional Republicans to roll back a number of clean energy […]
What You Still Need to Know About the Alternative Minimum Tax After OBBBA 2025
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The difference is that […]
