Recent Posts
2026 Child Tax Credit: What Families Need To KnowSeptember 7, 2026 - 9:26 pmThe Child Tax Credit remains an important tax break for families in 2026, but income limits, refundability rules and identification requirements can affect how much taxpayers receive.
IRS Proposes New Rules For Investments Held In Trump AccountsAugust 31, 2026 - 5:59 pmNew 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.
Four Popular Tax Credits Could Soon Carry A New Refund RequirementAugust 24, 2026 - 7:11 pmThe 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.
Moving Retirement Money Could Soon Get Easier Under New IRS GuidanceAugust 17, 2026 - 5:36 pmThe IRS is proposing a more standardized way to move retirement savings between employer-sponsored plans and IRAs, potentially reducing paperwork and uncertainty for workers changing jobs or consolidating accounts. But one important element of the new rollover process could make a meaningful difference for plan participants and administrators.
Expanded Paid-Leave Tax Credit Gives Employers More Ways To QualifyAugust 10, 2026 - 6:07 pmNew 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.
IRS Introduces Automatic Penalty Relief For Taxpayers With Strong Filing HistoriesAugust 3, 2026 - 5:12 pmA new IRS program will automatically prevent certain filing and payment penalties for taxpayers with a record of meeting their obligations—eliminating the need to request relief in many cases.
IRS Eyes Charitable Donation Abuse In New Audits, Tax Pros SayJuly 27, 2026 - 9:03 pmThe IRS is increasing audits of non-cash charitable donations, with tax professionals reporting greater scrutiny of asset valuations, appraisal requirements and technical filing rules as the agency broadens enforcement beyond conservation easements.
Nine Reasons The IRS Could Take Your Tax RefundJuly 20, 2026 - 6:56 pmA tax refund isn’t always guaranteed to reach your bank account. Here’s a list of reasons why the IRS may legally withhold or offset your refund—and what you can do if it happens.
401(k) Hardship Withdrawals Are At Record Highs: What They Really Cost You
Financial experts warn that while 401(k) hardship withdrawals can provide emergency access to funds, they often come at a high cost. Alternatives such as 401(k) loans, credit cards, or home equity financing may be less damaging in the long run.
Still Waiting On Your Tax Refund? The IRS Says Relief May Be Coming This Month
Two groups are more likely to still be waiting for their tax refund: taxpayers who filed under extended deadlines and those whose refunds were delayed because of missing banking information. The delays also come during a tax season that has seen significantly larger refunds. However, according to the IRS, relief may be on the way this month.
Tax Season May Be Over, But Many Seniors Are Still Getting Hit With Surprise Bills They Didn’t See Coming
Across the country, seniors are opening IRS notices, learning they owe additional taxes, or discovering penalties they never expected. The issue often stems from the increasingly complex nature of retirement income. Social Security benefits, pensions, retirement account withdrawals, investment earnings, and Medicare-related costs.