IRS Cracks Down On Travel And Meal Deductions: What Expenses Won’t Fly In 2025

Inflated or unsupported business travel and meal write-offs could trigger audits or penalties. Experts say this move reflects the IRS's broader effort to curb abuse of business expense claims.

New Tax Rules: Income The IRS Won’t Touch In 2025

While the OBBB tax and spending law will offer potential breaks for many, it also introduces confusion about what’s truly non-taxable. Here's a breakdown of income the IRS won’t tax and how the new law might impact your next return.

Major 401(k) Tax Break For Certain Earners Is Coming To An End

The IRS has issued final regulations for a 2022 law, which will require high-earning workers aged 50 and up to make pre-tax catch-up contributions.

Florida Braces For Health Care Changes As Obamacare Tax Credits Set To Expire

Unless Congress steps in, the subsidies will end on December 31—leaving millions of Americans, and especially Floridians, in limbo.

IRS Issues Urgent Warning About Social Media Tax Scams

The IRS reports that misleading social media posts and self-proclaimed "tax experts" have caused widespread confusion, resulting in over $162 million in penalties and more than 32,000 enforcement actions.

Workers In 68 Jobs May Soon Be Exempt from Paying Taxes On Tips — Including Some Unexpected Ones

According to the White House, the new 'No Tax On Tips' provision could save eligible workers around $1,300 per year. However, the value of the tax break may be limited depending on income, tip levels, and the nature of the job — particularly for those in roles not commonly associated with receiving tips.