T he IRS has issued new regulations regarding retirement plan contributions that will affect highly paid individuals (HPIs). These changes arise from the SECURE 2.0 Act and will have significant ...

There are new laws regarding gambling losses. Previously players could deduct those losses from their winnings with the IRS, now following the passage of the Big Beautiful Bill, there is a cap.

Amid the flurry of proposed rulemakings that were published in the month prior to President Trump's inauguration, the ...

The massive new tax law brings several tax-law changes for self-employed, freelance and gig workers, including some that ...

In 2024, two churches and a religious organization filed a lawsuit against the Internal Revenue Service (IRS), claiming that ...

The IRS is reevaluating how to gauge the more than 150 taxpayer service improvement projects it had been pursuing before staffing and budget cuts this year.

While tax laws seem daunting, breaking them down helps. These key adjustments for 2025 make them manageable for planning. Remember, specific adjustments apply to income earned in the 2025 year.