What Income the IRS (Mostly) Doesn’t Tax
Common Types of Nontaxable Income It’s important to understand that IRS rules change, and many of these exclusions or special treatments carry conditions or limits. Always consult a tax professional
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IRS Publishes 2025 Tax Year Inflation Adjustments
Standard Deduction The 2025 tax year will be the final year that the standard deduction increases under the 2017 Tax Cuts and Jobs Act (TCJA). If the TCJA is not
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2024 Tax Brackets & Standard Deduction Adjusted For Inflation
2024 Standard Deduction When the 2017 Tax Cuts and Jobs Act nearly doubled the standard deduction in 2018, many taxpayers stopped itemizing on their returns. Today, nearly 90% of all
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IRS Hits Paperless Processing Milestone Ahead of Schedule
Taxpayers Can Now Digitally Respond to All Correspondence In February 2023, taxpayers could only submit nine (9) notices through the Document Upload Tool. Eight months later, all notices can now
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The Truth About the IRS’s Private Collection Agencies
The IRS has called for backup from the private sector, and these four companies could be coming after your tax debt in lieu of the IRS. Here’s what you need to know to stay informed, lawful and safe.
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How Much Do I Owe the IRS? 4 Ways to Find Out
1. Log Into Your IRS Online Account Back in Dec. 2016, the IRS released an online tool for taxpayers. This tool acts as a portal for you to view your
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4 Questions to Ask When Filing a Paper Tax Return
But what if you prefer to do your taxes the old-fashioned way? No worries. The IRS will still accept paper tax returns. Just be sure to address the following questions
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