Starting in 2026, the new deduction will enable the estimated 90% of household using standard deductions to get a deduction ...

What will the extra lucky winner do with their $719 million Powerball Jackpot? The odds of winning the jackpot are 1 in 292.2 ...

Getting advice from a good tax pro is worth it. They can help you squeeze the most out of your LLC tax benefits and keep you ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

2. A debtor-creditor relationship must exist at the time the debt arose. You have a loss if there was a promise to repay at the time the debt was created and you had the right to enforce it. If the ...

The SBA has finally issued a formal updated Q&A regarding gross income for sole proprietors and partnerships. In a March 12, 2021 release, they specify that only Schedule F’s filed on Form 1040 will ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI ...

It’s not at all unusual to encounter the owner of a New York business who dreams about leaving the State. The reasons often given for the desired ...

FAQ: Tax Benefits of Long-Term Care Insurance. By Russ Banham. There are significant federal tax benefits in purchasing long-term care insurance, but like everything else in life ...

Discover the best crypto tax tools of 2025 and top-rated crypto tax software. Compare features, pricing, and accuracy to ...