🛑 Paper Refund Checks Ending by Sept. 30? AICPA Urges Delay!
In March 2025, President Trump issued an executive order to phase out paper-based Treasury checks, including those for tax refunds, by...
💰 Tax-Free Tips? Deduct Up to $25K Under New IRS Rule!
The IRS has provided information on how certain provisions in the new law, including no tax on tips, should be executed. Employees and...
From Pulpit to Politics: IRS Reverses Course on Church Endorsements!
The IRS is clearing the way for churches to endorse or oppose political candidates without the fear of losing their tax-exempt status....
Clean Energy on the Clock: Trump Orders Early End to Wind & Solar Tax Credits!
President Trump signed an executive order (EO) instructing the Treasury Dept. to “strictly enforce the termination of the clean...
Seniors See Relief: New Deduction Starts in 2025!
Now that the One, Big, Beautiful Bill Act is law, certain older taxpayers can enjoy a new tax break. For 2025 through 2028, those age 65...
Business Owners Benefit from OBBBA: Bigger, Permanent QBI Deductions!
Some business owners got welcome news with the One, Big, Beautiful Bill Act (OBBBA). The new law makes the qualified business income...
IRS Grants Tax Relief to Texas Storm Victims—New Deadline: Feb. 2, 2026!
As expected, President Trump has declared areas of Texas, including Kerr County, federal disaster areas. Individuals and businesses...
Think the IRS Texted You? Think Again
How do you know if an email or text message purportedly from the IRS is real? Criminals are increasing their misuse of electronic...
Trump Escalates Trade War: Tariffs on Canada, Copper, and Brazil Set to Spike August 1!
President Trump ratcheted up his trade war by announcing a 35% tariff on Canadian imports, up from the 25% tariff he imposed on that...
Bonus Depreciation is Back: 100% Write-Offs Made Permanent Under New Law
First-year bonus depreciation had been phasing down 20% annually since 2023 and was set to drop to 0% in 2027. Businesses have been eager...
