Public Survey on Free Filing

August 22, 2025
On August 21, the Internal Revenue Service (IRS) launched a public survey about free filing options. The IRS is asking taxpayers to provide input on the options available for online filing, exploring interest in options involving a commercial company or a program sponsored by the IRS...

How to Protect Yourself from Identity Thieves

August 15, 2025
The Internal Revenue Service (IRS) and Security Summit partners published a guide this week on identity theft protection. The IRS and Security Summit recommends multifactor authentication and Identity Protection PINs. The IRS offers taxpayers the ability to create an IRS Online Account and a Tax Pro account for tax professionals...

No Tax on Employer Student Loan Payments

August 8, 2025
On August 6, 2025, the Internal Revenue Service (IRS) reminded employers that student loan payments can be included as part of their educational assistance programs...

Increased State and Local Tax Deduction

August 1, 2025
For many years, state and local income and property taxes (SALT) have been deductible by taxpayers who itemize. However, the SALT deduction limit was set at $10,000 by the 2017 Tax Cuts and Jobs Act (TCJA). This limit was a concern for members of Congress from states with substantial income...

No Tax on Overtime

July 25, 2025
In the recent Presidential election, both candidates supported the concept of removing taxes on overtime. The One Big Beautiful Bill Act signed on July 4, 2025, created an overtime exclusion of up to $12,500 for years 2025 to 2028...

No Tax on Tips

July 18, 2025
During the recent Presidential election, both candidates supported the concept of removing taxes on tips. The One Big Beautiful Bill Act signed on July 4, 2025, created a tax deduction for up to $25,000 in tips for years 2025 to 2028. To qualify, the tips must be received as part...

Tax Savings For Seniors

July 11, 2025
While there had been discussion of eliminating tax on Social Security, a compromise in Congress was to provide individuals over age 65 with a $6,000 Senior Deduction added to the standard deduction. This added deduction is available for 2025 through 2028. The $6,000 Senior Deduction phases out at a rate...

Charitable Planning in July

July 4, 2025
July is a great month to consider plans for charitable gifts in 2025. These gifts could include an IRA charitable rollover, a gift of cash or a gift of appreciated stock or land...

National Taxpayer Advocate Calls the Tax Season a Measured Success

June 27, 2025
Each year, the National Taxpayer Advocate (NTA) reviews the tax filing season and publishes a report with findings and objectives for the next year...

Energy Credits Available for 2025

June 20, 2025
The House and Senate are working on a major tax bill. Both the House and Senate propose allowing energy credits for 2025. However, the Senate bill proposes eliminating some energy credits within 180 days after the tax bill is enacted...

Guard Against Phishing Emails

June 13, 2025
As part of its ongoing awareness campaign, the Internal Revenue Service (IRS) Security Summit warns taxpayers and professional advisors to be aware of the latest email phishing scams. Because both tax advisors and individuals are active users of email, there is frequent opportunity for identity thieves to trick individuals into...

Protect Yourself from Summer Scams

June 6, 2025
During the summer season, the Internal Revenue Service (IRS) reminds consumers to protect themselves from potential identity thieves...

IRS Collects $5.1 Trillion in 2024

May 30, 2025
On May 29, 2025, the Internal Revenue Service (IRS) issued the Data Book for fiscal 2024. The Data Book is an annual report on tax revenue and IRS activities for the prior year...

IRS Increases Use of Chatbots

May 23, 2025
Since the first chatbots were installed by the Internal Revenue Service (IRS) in December of 2021, the Service has continued to improve and increase the use of computers to assist taxpayers...