Recent Posts
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.
Your First Required IRA Withdrawal At 73 Can Push You Past The IRMAA Cliff For A Full YearJuly 13, 2026 - 6:02 pmTurning 73 brings an important retirement decision: when to take your first required minimum distribution (RMD). Waiting until April 1 of the following year may seem convenient, but it can result in two RMDs landing in the same tax year, potentially increasing your income and triggering higher Medicare premiums through IRMAA.
Trump Account vs 529: Which Is More Beneficial For Children?July 6, 2026 - 6:41 pmWhile 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.
The IRS Is Rewarding Retirement Savers With Up to $2,000. Do You Qualify?
It may sound too good to be true, but the Saver’s Credit has been around for almost a decade and has allowed many people to earn a tax break while boosting their retirement savings. CLICK ON THE HEADLINE FOR MORE
Here’s Why 40% Of 401(k) Savers Could Lose Out On Lots Of Money
Contributing to a 401(k) plan is one of the most efficient ways to accumulate wealth for retirement. But new data reveals that many savers may not be getting the most out of their employer plans. That’s because roughly 40% of 401(k) plan participants don’t fully understand what fees they’re paying, according to a report just released by the […]
What to Know About IRS Unemployment Refunds
With federal enhanced unemployment benefits soon running out, you may soon have some unanticipated money heading directly to your bank account or mailbox. No, not a fourth stimulus check, but a tax refund on 2020 unemployment benefits. FOR A BREAKDOWN ON EVERYTHING, CLICK ON THE HEADLINE