For tax years 2018 through 2025, the Tax Cuts and Jobs Act of 2017 (TCJA) limits individual itemized deductions for state and local...

With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our...

As we approach the end of 2021, now might be a good time to take a closer look at a few developments surrounding required minimum...

On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax...

Taxpayers required to file returns with an original or extended due date on or after August 31, 2021, and before January 3, 2022, with an...

The Bank Secrecy Act (BSA) requires financial institutions to report to the IRS transactions exceeding $10,000 or multiple transactions...

I did not mean to start this blog blast like a Lemony Snicket novel, but September could prove to be a Series of Unfortunate Events,...

With the IRS now sending advanced monthly payments of the 2021 Child Tax Credit (CTC) to qualified families, it’s important to know the...

After more than four years of international negotiations taking place mainly behind the scenes, 132 countries recently agreed to a new...

Public fascination with cryptocurrency tends to follow dramatic gains and losses in the market. Dramatic losses usually result in pundits...

A provision of the American Rescue Plan is being readied for action, targeting nearly 90 percent of American households with children to...

If you're thinking about installing solar energy – at your home or your business – federal tax credits are available for investments in...

If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim partial...

On Wednesday, President Biden announced a tax credit available to small and mid-size employers that offer paid time off for their...

Are you a little impatient when it comes to your refund status. The good news is that the IRS “Where’s My Refund?” tool makes it easy for...

The CARES Act was the first of three major COVID-relief packages that have infused the US economy with stimulus funds for items like...

As families begin to prepare for retirement, one of the tensions they may be wrestling with is being able to control their taxable income...

As noted in a recent post, the Treasury Department and Internal Revenue Service announced on March 17, 2021, that the federal income tax...

On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This Act is a $1.9 trillion emergency...

You should not amend your 2020 federal tax return if your original return included unemployment benefits and was filed before the passing...