News

New IRS guidance clarifies the deduction for qualified tips under recent tax law. Learn what income qualifies, who’s eligible, and how this deduction could impact your 2025 return.

Now that tax season is over, it’s a good time to organize your records and address key follow-up tasks. Learn what documents to keep, what you can discard, and how to stay prepared for future filings or audits.

Several tax provisions created by the One Big Beautiful Bill Act and other legislation are taking effect in 2026. Understanding these changes now can help individuals and businesses plan ahead and potentially reduce their future tax liability.

The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children.

The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime pay, you likely have questions about whether you’re eligible for a deduction and how big it might be.

How will the 2026 retirement plan contribution limits affect your retirement savings strategy?