Tax time means making sure all the changes in the tax code are adhered to, including higher standard deductions, breaks for restaurant workers on tips, and changes to taxes on overtime with the ...

The tax code changes add a $6,000 deduction for taxpayers over 65 years old with a phaseout for taxpayers earning more than $75,000 a year or $150,000 a year for those married and filing jointly. This ...

The 2025 Budget Bill introduced a number of changes to how taxes are calculated, eligible tax credits, and what’s deductible. One thing that didn’t change was deadlines. The Internal Revenue Service ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. When it comes time for a business owner to transition or ...

As small business owners prepare and file their taxes, there is growing anticipation of how tax reform, including additional tax relief and extension of the Trump tax cuts, will impact this and future ...

WASHINGTON, DC - FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. (Photo by Kayla Bartkowski/Getty Images) Today is the ...