Tax professionals say multiple income streams often lead to under-withholding, leaving workers surprised by tax

The One Big Beautiful Bill the includes several new deductions and credits that can reduce tax bills or increase refunds. Among the changes are elimination of taxes on tips and overtime, no tax on car loan interest, expansion of Health Savings Accounts and more.

A former IRS employee will spend two years in federal prison after prosecutors say he prepared dozens of false tax returns that resulted in nearly $580,000 in losses

Those using personal vehicles for business will see a slight increase, while other uses saw rates drop slightly or remain flat.

A recent watchdog report warns IRS staffing cuts will make it more difficult for the agency to detect fraud, process tax returns and provide help to taxpayers.

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits,