The headlines scream: “Millions may be owed a COVID tax refund.” The reality is much less exciting. You may be entitled to a refund, but it will be for certain penalties assessed for tax returns filed during the pandemic. “This is a situation where a technical tax ruling could have a real impact for taxpayers,…
Sounds great, no taxes on overtime. But what does it really mean? The new tax break doesn’t completely eliminate taxes on overtime earnings, but if you qualify, it could mean more money in your pocket. The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, and included several new tax…
The Internal Revenue Service on Thursday released next year’s income tax brackets, providing a preliminary look at what Americans can expect to pay on their 2026 tax returns. The IRS announcement comes three months after the passage of President Donald Trump’s “One Big Beautiful Bill,” which renewed a set of tax cuts for households and…
