A significant shift is underway in how the federal government will deliver some tax refunds and benefit payments. Starting September 30, 2025, paper checks from the IRS, Social Security Administration (SSA) and other federal agencies will become a thing of the past. The move toward a fully electronic system aims to cut costs, minimize fraud and streamline payment delivery—but it will require action from some taxpayers.
Several provisions of the One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, will...
The U.S. House of Representatives recently passed a sweeping tax and spending measure, dubbed "The...
How big is your retirement nest egg? Too often, people sacrifice retirement savings to afford a...
Years ago, many taxpayers itemized deductions instead of claiming the standard deduction. But fewer...
With the holiday season rapidly approaching, you may consider gift ideas for friends, family...
The landmark Tax Cuts and Jobs Act (TCJA)was passed in late 2017, but the law is still in the...
Charitable donations can provide businesses with significant tax savings. But for gifts over a...
Have you set up Section 529 college savings plans for your children or grandchildren? The major...
Many people currently qualify for a 0% federal income tax rateon net long-term capital gains...