The first draft of the supplemental federal tax guide for employers in 2026 was released Nov. 24 by the Internal Revenue Service.

The Internal Revenue Service is preparing to lean on artificial intelligence to keep taxpayer services running even as its ...

A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...

With the federal government reopening, US agencies are resuming operations while beginning to tackle the challenges created by the shutdown. This LawFlash provides a rundown of how government bodies ...

While the SNAP dispute highlights the human and political stakes, the shutdown is also exacting a measurable toll on the US economy. The nonpartisan Congressional Budget Office warned on Oct 29 that ...

FAQ: Tax Benefits of Long-Term Care Insurance. By Russ Banham. There are significant federal tax benefits in purchasing long-term care insurance, but like everything else in life ...

The standard deduction is set to climb again for the 2025 tax year, with married couples filing jointly able to shield ...

The new tax break on tips and overtime has been sold as a windfall for workers who stay late, pick up extra shifts, or live ...

Long-term capital gains — that is, on assets held for a year or longer — are taxed at a 0%, 15% or 20% rate, depending on ...

Federal workers show their IDs and provide information before collecting free food from the Food Bank For New York City on Oct 28 in Queens, New York. Bilin Lin / China Daily On a cold, windy day ...

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