IRS Proposes New Rules For Investments Held In Trump Accounts

New IRS guidance would establish limits on how Trump Account funds may be invested while beneficiaries are minors, including restrictions involving fund structure, fees and investment strategy. One provision could have a particularly important impact on how these accounts are managed when families do not make an investment choice.

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Four Popular Tax Credits Could Soon Carry A New Refund Requirement

The Treasury Department and IRS have proposed an eligibility test affecting four widely used individual tax credits. The change would apply only when a credit produces money beyond the taxpayer’s federal income tax liability—and one filing detail could determine whether that additional amount is paid.

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Expanded Paid-Leave Tax Credit Gives Employers More Ways To Qualify

New IRS guidance explains how businesses can benefit from the permanently expanded federal tax credit for paid family and medical leave, including broader employee eligibility and a new insurance-premium option.

Trump Account vs 529: Which Is More Beneficial For Children?

While the new newborn investment program known as Trump Accounts provides another savings option, financial experts caution it should not be viewed as a replacement for a 529 college savings plan designed to help save for education. Experts say the two accounts can complement each other rather than compete.

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QuickBooks Support: When DIY Accounting Starts Holding A Business Back

QuickBooks can be a powerful tool for small businesses, but only when it is set up and maintained correctly. If your reports do not make sense, your books are behind, or you are spending too much time trying to fix accounting issues yourself, it may be time to get professional QuickBooks support.