IRS updates Withholding Estimator

The IRS has updated its Tax Withholding Estimator (https://bit.ly/3VjGqR1 ) to reflect changes under the One Big Beautiful Bill Act (OBBBA). This free online tool helps taxpayers calculate the correct amount of federal income tax to withhold from their paychecks or other payments, such as those from pensions, to avoid unexpected tax bills. The calculator […]

Did you receive a notice from the IRS?

Received an IRS letter or notice after filing your tax return? Don’t panic, but don’t ignore it. The IRS often sends letters or notices to request information, notify a taxpayer of changes, verify a taxpayer’s identity or seek payment. If action is needed, follow the instructions and respond by the specified due date. If a […]

Direct Deposit your refund

To avoid tax refund delays, be sure to include your bank account and routing numbers on your tax return. The IRS is moving away from paper checks, and approximately 830,000 taxpayers are experiencing refund delays after filing without direct deposit information. The IRS has already sent 530,000 notices, with another 300,000 expected, to those who […]

What’s my filing date if I’m on active duty?

Military members living in the United States or Puerto Rico have a 2025 tax filing deadline of April 15. For those on active duty outside the United States or Puerto Rico, the IRS generally allows a two-month filing extension (to June 15) without requesting one. Even with the extension, interest will apply to any 2025 […]

Do I qualify forHead of Household status?

Choosing the head of household (HOH) tax filing status may reduce your 2025 tax bill. HOH status offers a higher standard deduction, and in some cases, more favorable tax brackets than if you were to file as single. To qualify, you must have been unmarried (or considered unmarried) on Dec. 31, 2025; have paid more […]

Guidance issued on qualified production property

The IRS issued interim guidance on the new special depreciation allowance for qualified production property under the One Big Beautiful Bill Act. It defines qualified production property and activities (such as certain manufacturing, chemical production and agricultural production), explains how to determine the allowance, and outlines how and when to elect it. The guidance also […]

Divorce & the Home Sale Exclusion: Avoiding Costly Mistakes

The home sale gain exclusion can be tricky in a divorce. Generally, single taxpayers can exclude up to $250,000 of gain from the sale of a principal residence, while married couples filing jointly may exclude up to $500,000. To qualify, you must have owned and used the home as your principal residence for at least […]

Less Than 3% Scanned: IRS Falls Behind on Zero Paper Goals

A recent report (https://bit.ly/3MoKW0h ) released by the Treasury Inspector General for Tax Administration (TIGTA) warns that the IRS may miss a 2030 deadline to digitize all historical tax records. Contractors had scanned less than 3% of an estimated 1 billion pages of documents. The agency had also fallen behind the Trump administration’s Zero Paper […]

Is the AMT Your Next Tax Surprise?

Are you subject to the alternative minimum tax (AMT)? In general, this tax applies if your “tentative minimum tax” exceeds your regular income tax liability. Significant long-term capital gains and dividend income or recently exercised incentive stock options can trigger the AMT. Although the One Big Beautiful Bill Act (OBBBA) makes higher AMT exemptions permanent, […]

Don’t Face an IRS Notice Alone — You Have Rights

The IRS’s Taxpayer Bill of Rights includes 10 fundamental rights taxpayers are entitled to when interacting with federal tax authorities. It’s written to help make the existing rights in the tax code clear, understandable and accessible. One of these is the “right to challenge the IRS’s position and be heard.” In a nutshell, this allows […]