What’s changing?: Section 4960’s “covered employee” definition now applies to all staff at applicable tax‑exempt organisations, not just top earners. Why it matters: The 21% excise tax on pay above ...
Tip deduction rules: IRS clarifies eligible occupations, reporting codes, and anti-abuse measures for the new qualified tip deduction effective 2026. Federal tax overhaul: OBBBA makes lower tax rates ...
Two Colorado Springs City Council members and two former mayors have criticized the rule Mayor Yemi Mobolade recently enacted ...
The U.S. Taxpayer Advocate Service warned on April 30 that "tens of millions of taxpayers may be entitled to refunds or ...
Because the IRS typically requires taxpayers to make a claim for a refund within three years of filing their return, ...
IRS statistics for the week ending March 27, shortly before Langworthy’s post, showed an 11.1% increase in average refunds, from $3,170 in 2025 to $3,521 in 2026. IRS data released in subsequent weeks ...
1098-T: Form 1098-T can help you calculate and claim educational tax credits and deductions. It reports payments received for ...
A 47-year-old dual-income couple pulling $400,000 in W-2 wages has already done the obvious: both spouses max their employee ...
A proposed $83 billion investment in IRS enforcement could reshape the landscape for millions of Americans who owe back ...
The IRS has processed most tax returns, but more than a million may still be waiting on refunds. Here’s why delays happen and ...
The last major bipartisan reform effort came in 1998, when a Republican Congress and a Democratic president joined to support ...
A 58-year-old husband with $1.9 million in his traditional 401(k) and his 59-year-old wife with $1.3 million in hers retired ...
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