The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

Many of the most impactful tax provisions in the "One Big Beautiful Bill" (OBBB), which President Trump signed into law on ...

This bonus will come in addition to the existing extra standard deduction for seniors, which the IRS has increased as part of ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on those who were unable to document qualified tips and overtime.

The IRS won’t require employers to separately report tips and overtime in 2025, which may be confusing for employees. New IRS guidance can help taxpayers figure the deductions. The IRS has released ...

By now, most people have heard about the “no tax on tips” and “no tax on overtime” provisions of “One Big Beautiful Bill” that became law during the summer. It sounds great. But unfortunately, the new ...

The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and other payers. However, rather than require more reporting this late in 2025, the IRS is ...

Our news Nerds covered a lot in 2025 — rising consumer prices, tariffs, the labor market and the mega piece of legislation ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

On a list of things to do, it would be a severe understatement to say filing taxes would not be at the top of the list for ...